SBA Communications Corp (SBAC): Today's Featured Diversified Services Winner

SBA Communications (SBAC) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day up 0.9%. By the end of trading, SBA Communications rose 81 cents (1.4%) to $60 on average volume. Throughout the day, two million shares of SBA Communications exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in a price between $59.15-$60.18 after having opened the day at $59.45 as compared to the previous trading day's close of $59.19. Other companies within the Diversified Services industry that increased today were: China Distance Education Holdings (DL), up 21%, Career Education Corporation (CECO), up 12.3%, Hill International (HIL), up 11.4%, and ATA (ATAI), up 10.9%.

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SBA Communications Corporation owns and operates wireless communications towers primarily in the United States, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, and Panama. SBA Communications has a market cap of $7.09 billion and is part of the services sector. Shares are up 35.9% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate SBA Communications a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates SBA Communications as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and generally poor debt management.

• You can view the full SBA Ratings Report.

On the negative front, Bioanalytical Systems (BASI), down 12.3%, Cadiz (CDZI), down 7.5%, WidePoint Corporation (WYY), down 7.3%, and Mitcham Industries (MIND), down 6.5%, were all laggards within the diversified services industry with Paychex (PAYX) being today's diversified services industry laggard.

• Use our diversified services section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services (IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers (SCC).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on SBA Communications Corp click any of the following:

• SBA Communications Corp Stock Price

• SBA Communications Corp Analyst Ratings

• SBA Communications Corp Key Stats & Profile

• SBA Communications Corp Earnings

• SBA Communications Corp Ratio Comparison

• SBA Communications Corp Growth Rates

• SBA Communications Corp Balance Sheet

• SBA Communications Corp Cash Flow

• SBA Communications Corp Income Statement