Deutsche Bank Reiterates Buy Rating On SBAC

SBA Communications (NASDAQ: SBAC), which is scheduled to report its 4Q results post-market on Thursday, February 24, has received a Buy-rating reiteration from Deutsche Bank.

“SBAC's 2011 outlook represents the same incremental revenue per tower as 2010 in domestic markets with higher contributions from its international markets,” Deutsche Bank writes. “While details on which carriers are expected to contribute most to its results were not provided, SBAC expects to achieve its outlook without material amounts of new business from Clearwire.

“While Clearwire is looking to provide an update on financing by 2Q, any resumption of new market launches during 2011 would likely have a minimal impact on SBAC's leasing trends this year.”

SBA Communications closed Wednesday at $42.18.