Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day down 0.3%. By the end of trading, SBA Communications rose $1.34 (1.6%) to $87.21 on average volume. Throughout the day, 1,295,504 shares of SBA Communications exchanged hands as compared to its average daily volume of 1,381,600 shares. The stock ranged in a price between $86.31-$87.45 after having opened the day at $86.88 as compared to the previous trading day's close of $85.87. Other companies within the Diversified Services industry that increased today were:
), up 11.7%,
), up 10.4%,
), up 9.8% and
), up 6.2%.
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SBA Communications Corporation owns and operates wireless communications towers in the United States, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, Panama, and Brazil. SBA Communications has a market cap of $10.9 billion and is part of the services sector. Shares are up 21.0% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate SBA Communications a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates SBA Communications as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
- You can view the full SBA Communications Ratings Report.
On the negative front,
), down 13.2%,
), down 7.0%,
), down 6.5% and
), down 6.2% , were all laggards within the diversified services industry with
) being today's diversified services industry laggard.
- Use our diversified services section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider
) while those bearish on the diversified services industry could consider
- Find other investment ideas from our top rated ETFs lists.