SBA Communications (NASDAQ:SBAC) Upgraded by Credit Suisse Group AG to Outperform

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SBA Communications stock has undergone multiple analysts rating changes in the recent past.  SBA Communications Upgraded by Credit Suisse Group AG on 10/19/2021. In a note to investors, the firm issued a new rating of Outperform. The analysts previously had rating of Neutral.

Shares of SBA Communications traded up $9.36 on Monday, reaching $332.76. 182629 shares of the stock traded hands, compared to its average volume of 509309. Shares of SBA Communications were trading at $332.76 on Monday. The firm’s 50 day moving average is $347.57 and its 200 day moving average is $306.09.SBA Communications has a 12 month low of $327.06 and a 12 month high of $369.56. While on yearly highs and lows, SBA Communications’s today has traded high as $335.71 and has touched $327.06 on the downward trend. See More Analyst Rating at: RATING

SBA Communications Earnings and What to expect: 

SBA Communications last announced its quarterly earnings results on August 1st, 2021. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.69. The business earned $575.40 million during the quarter, compared to the consensus estimate of $559.96 million. Its revenue was up 13.4% compared to the same quarter last year. SBA Communications has generated $9.44 earnings per share over the last year ($2.40 diluted earnings per share) and currently has a price-to-earnings ratio of 139.0. Earnings for SBA Communications are expected to grow by 8.99% in the coming year, from $9.90 to $10.79 per share. SBA Communications has confirmed that its next quarterly earnings report will be published on Monday, November 1st, 2021. SBA Communications will be holding an earnings conference call on Monday, November 1st at 5:00 PM Eastern. Interested parties can or dial in at 866-207-1041 with passcode “7939805”.

Earnings for SBA Communications are expected to grow by 8.99% in the coming year, from $9.90 to $10.79 per share. The P/E ratio of SBA Communications is 137.70, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.15. The P/E ratio of SBA Communications is 137.70, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.71.

SBA Communications (NASDAQ:SBAC) Moving Average Technical Analysis

5 day Moving Average is $327.29 And 5 day price change is -$1.33 (-0.40%)  with average volume for 5 day average is 502,827. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $334.56 and 20 day price change is -$21.76 (-6.14%) and average 20 day moving volume is 482,617. 50 day moving average is $347.57  and 50 day price change is -$14.00 ( -4.04%)  and with average volume for 50 days is : 507,921. 200 day moving average is $306.09  and 200 day price change is $56.96 (0.2067)  and with average volume for 200 days is : 632,994.

Other owners latest trading in SBA Communications :

  • On 10/18/2021 shares held by First Bank & Trust were 4,481 which equates to market value of $1.48M and appx 0.70% owners of SBA Communications
  • On 10/18/2021 shares held by Clarius Group LLC were 907 which equates to market value of $0.30M and appx 0.00% owners of SBA Communications
  • On 10/18/2021 shares held by Eii Capital Management Inc. were 611 which equates to market value of $0.20M and appx 0.10% owners of SBA Communications
  • In total Institutional ownership equates to Institutional Ownership Percentage: 93.52% for SBA Communications

See More Analyst Rating at: RATING