Media headlines about SBA Communications (NASDAQ:SBAC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SBA Communications earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.7412726289636 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Can High Revenues Aid SBA Communications (SBAC) Q1 Earnings? (finance.yahoo.com)
- Reviewing Directview (DIRV) & SBA Communications (SBAC) (americanbankingnews.com)
- SBA Communications (SBAC) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
- Which Option is Best? SBA Communications Corporation (SBAC) Buy or Sell (nasdaqfortune.com)
- As of April, 30 The EPS for SBA Communications Corporation (SBAC) Expected At $0.21 (usindexlive.com)
Shares of NASDAQ SBAC traded down $0.44 during midday trading on Wednesday, hitting $164.49. The company’s stock had a trading volume of 1,067,263 shares, compared to its average volume of 1,173,978. SBA Communications has a 1-year low of $122.43 and a 1-year high of $177.67. The company has a debt-to-equity ratio of -3.57, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $19,319.19, a PE ratio of 166.15, a price-to-earnings-growth ratio of 17.98 and a beta of 0.86.
SBA Communications announced that its Board of Directors has authorized a stock buyback plan on Monday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Several brokerages have weighed in on SBAC. Barclays reissued a “buy” rating and set a $178.00 price objective on shares of SBA Communications in a report on Friday, January 19th. Cowen reaffirmed a “buy” rating on shares of SBA Communications in a report on Tuesday, February 27th. BidaskClub raised shares of SBA Communications from a “hold” rating to a “buy” rating in a report on Friday, March 16th. Citigroup lifted their price target on shares of SBA Communications from $168.00 to $183.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research lowered shares of SBA Communications from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $172.50.
In other news, Director Duncan Cocroft acquired 500 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average cost of $167.29 per share, for a total transaction of $83,645.00. Following the transaction, the director now directly owns 87,966 shares in the company, valued at approximately $14,715,832.14. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.
SBA Communications Company Profile
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By ?Building Better Wireless,? SBA generates revenue from two primary businesses ? site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.
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