SBA Communications Corporation (SBAC) Stock Price Hits All Time High Today

Investors sentiment decreased to 0 in 2019 Q1. Its down Infinity, from Infinity in 2018Q4. It fall, as 2 investors sold SBA Communications Corporation shares while 1 reduced holdings. 0 funds opened positions while 0 raised stakes. 2.48 million shares or 50.03% less from 4.96 million shares in 2018Q4 were reported.
Cibc Ww owns 14,909 shares for 0.02% of their portfolio. Akre Mngmt Limited Liability Corporation holds 5.19% in SBA Communications Corporation (NASDAQ:SBAC) or 2.47 million shares.

The stock of SBA Communications Corporation (NASDAQ:SBAC) reached all time high today, Aug, 15 and still has $280.64 target or 8.00 % above today’s $259.85 share price. This indicates more upside for the $29.39 billion company. This technical setup was reported by Barchart.com. If the $280.64 PT is reached, the company will be worth $2.35 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.00% or $5.1 during the last trading session, reaching $259.85. About 453,183 shares traded. SBA Communications Corporation (NASDAQ:SBAC) has risen 55.12% since August 15, 2018 and is uptrending. It has outperformed by 55.12% the S&P500.

SBA Communications Corporation (NASDAQ:SBAC) Ratings Coverage

Among 6 analysts covering SBA Communications (NASDAQ:SBAC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. SBA Communications has $27000 highest and $204 lowest target. $237.50’s average target is -8.60% below currents $259.85 stock price. SBA Communications had 19 analyst reports since February 21, 2019 according to SRatingsIntel. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, April 30. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, July 30. The rating was maintained by RBC Capital Markets on Monday, March 4 with “Buy”. Citigroup maintained the stock with “Buy” rating in Friday, March 22 report. The firm has “Overweight” rating given on Monday, May 20 by Morgan Stanley. KeyBanc Capital Markets maintained SBA Communications Corporation (NASDAQ:SBAC) on Monday, July 15 with “Overweight” rating. The stock has “Overweight” rating by Morgan Stanley on Monday, March 11. The stock of SBA Communications Corporation (NASDAQ:SBAC) earned “Neutral” rating by JP Morgan on Thursday, August 1. The firm has “Neutral” rating given on Friday, June 7 by UBS.

More notable recent SBA Communications Corporation (NASDAQ:SBAC) news were published by: Nasdaq.com which released: “Nasdaq 100 Movers: SBAC, ALXN – Nasdaq” on May 03, 2016, also Finance.Yahoo.com with their article: “Is Fox Corporation (FOX) A Good Stock To Buy? – Yahoo Finance” published on June 11, 2019, Nasdaq.com published: “Is a Surprise Coming for SBA Communications (SBAC) This Earnings Season? – Nasdaq” on November 02, 2018. More interesting news about SBA Communications Corporation (NASDAQ:SBAC) were released by: Nasdaq.com and their article: “SBA Communications (SBAC) Up 7.9% Since Last Earnings Report: Can It Continue? – Nasdaq” published on March 23, 2019 as well as Gurufocus.com‘s news article titled: “Aug 24, 2018 – Sba Communications Corp (SBAC) CEO & Pres Jeffrey Stoops Sold $6.2 million of Shares – GuruFocus.com” with publication date: August 24, 2018.

SBA Communications Corporation operates as a real estate investment trust. The company has market cap of $29.39 billion. The firm operates through two divisions, Site Leasing and Site Development. It has a 228.74 P/E ratio. It owns and operates wireless communications infrastructure, including tower structures, rooftop, and other structures that support antennas used for wireless communications.

SBA Communications Corporation (NASDAQ:SBAC) Ratings Chart

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