Bank of America provided color on SBA Communications SBAC. In a research report published today, the rating agency commented on the company's Q2 results, which are due to be published on Tuesday, August 2.
In the report, Bank of America states, “We expect SBA to update ‘11 guidance covering revenue, adj.
EBITDA and capex. Our '11 site leasing revenue estimate is $608m, at the
high end of $599-609m guidance and our EBITDA is $443m, again at the
high end of $430-447m guidance. Our model assumes 8.9% growth in towers
Y/Y, consistent with SBAC's long-term goal of 5-10% annual tower portfolio
growth but above the company's current outlook reflecting 8.1% growth.”
At the moment, the rating agency has a Buy rating and a price target of $49 placed on the company's stock. On Friday, SBAC added 0.24% to its value to finish the day at $38.17.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsBank of AmericaTelecommunication ServicesWireless Telecommunication Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in