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

SBA Communications ( SBAC) pushed the Diversified Services industry lower today making it today's featured Diversified Services loser. The industry as a whole closed the day up 0.1%. By the end of trading, SBA Communications fell 78 cents (-1.4%) to $56.62 on average volume. Throughout the day, 1.7 million shares of SBA Communications exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in price between $56.08-$57.49 after having opened the day at $57.39 as compared to the previous trading day's close of $57.40. Other company's within the Diversified Services industry that declined today were: New Oriental Education & Technology Group I ( EDU), down 35.2%, United Rentals ( URI), down 13.8%, Lime Energy ( LIME), down 11.6%, and Management Network Group ( TMNG), down 10.3%.

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 $6.9 billion and is part of the services sector. Shares are up 32.5% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate SBA Communications a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates SBA Communications as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet.

On the positive front, American Reprographics Company ( ARP), up 15.4%, Swisher Hygiene ( SWSH), up 11.7%, AthenaHealth ( ATHN), up 11.7%, and Infinity Pharmaceuticals ( INFI), up 11.6%, were all gainers within the diversified services industry with Accenture ( ACN) being today's featured diversified services industry winner.

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).
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