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If Verizon Sells U.S. Wireless Towers, Who Is The Likely Buyer?
Friday, September 26, 2014 - 10:29am | 1123Read More...A Bloomberg article on September 24 focused on a Verizon Communications Inc. (NYSE: VZ) plan to monetize 12,000 wireless towers for an estimated $6 billion. If Verizon is selling, who is buying? The Competition The recent $4.36 billion tower portfolio sale by AT&T Inc. to wireless tower...
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J.P. Morgan Likes Comcast, Time Warner Cable And Others For 2014
Saturday, January 4, 2014 - 10:50am | 835Read More...Like at all the other Wall Street firms, analysts at J.P. Morgan have made their recommendations for 2014. In a research report out this past week, they singled out American Tower (NYSE: AMT), Comcast (NASDAQ: CMCSA) and Time Warner Cable (NYSE: TWC) as three of their top picks. Below we take a...
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Don't Overlook the Cell Tower Stocks
Tuesday, March 12, 2013 - 8:05am | 597Read More...It’s no secret that the cell phone business is still hot and there are plenty of ways to play it. The manufacturers like Apple (NASDAQ: AAPL) and Nokia (NYSE: NOK), the carriers—Verizon (NYSE: VZ) or AT&T (NYSE: T), and others like Level 3 Communications (NYSE: LVLT) that help to manage the...
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A Buying Opportunity in Wireless Tower Stocks (AMT, CCI, SBAC)
Friday, March 8, 2013 - 1:40pm | 713Read More...Analysts at Bank of America's (NYSE: BAC) Merrill Lynch division said today in a report that they see a buying opportunity in wireless tower stocks. Among the reasons they cited were attractive valuation, a favorable interest rate and inflation environment, and a spending outlook by wireless...
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Piper Jaffray Maintains Neutral on SBA Communications (SBAC)
Tuesday, May 3, 2011 - 9:36am | 86Read More...Piper Jaffray is out with its report today on SBA Communications (NASDAQ: SBAC), maintaining Neutral. In a note to clients, Piper Jaffray writes, "We are maintaining our Neutral rating and $44 price target. Our price target is based on a four-year DCF analysis with a near-term WACC of 8.6%,...
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Deutsche Bank Expects Solid 1Q Results From SBA Communications
Thursday, April 28, 2011 - 8:29am | 104Read More...In a report published by Deutsche Bank, SBA Communications (NYSE: SBAC) is expected to report solid 1Q results, that are at or above the mid-points of guidance and to reiterate its full year outlook (or potentially increase it to account for any additions to its tower portfolio). Deutsche Bank...
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Deutsche Bank Reiterates Buy Rating On AMT, CCI, SBAC
Friday, March 18, 2011 - 8:40am | 71Read More...Deutsche Bank is reiterating its buy rating on the following companies: American Tower Corporation (NYSE: AMT), which closed Thursday at $51.04. Crown Castle International Corp. (NYSE: CCI), which closed Thursday at $39.88. SBA Communications Corp. (NASDAQ: SBAC), which closed Thursday at $40.82.
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Deutsche Bank Reiterates Buy Rating On SBAC
Thursday, February 24, 2011 - 9:25am | 121Read More...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...
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Benchmark Raises PT on SBA Communications to $50 (SBAC)
Tuesday, February 22, 2011 - 9:27am | 139Read More...Benchmark is out with its report today on SBA Communications (NASDAQ: SBAC), raising its price target from $46 to $50. In a note to clients, Benchmark writes, "SBA is likely to grow adjusted funds from operations and free cash flow about 15%-20% per year for the foreseeable future. SBA currently...
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JP Morgan Initiates Coverage On 14 Wireless Tower Stocks
Thursday, January 13, 2011 - 8:00am | 191Read More...JP Morgan has initiated coverage on 14 wireless tower stocks, listed below: AT&T (NYSE: T) $28.04 Overweight $33 Verizon (NYSE: VZ) $35.47 Neutral $38 Sprint Nextel (NYSE: S) $4.41 Overweight $7 Clearwire (NASDAQ: CLWR) $5.70 Neutral $6 Leap Wireless (NASDAQ: LEAP) $13.19 Overweight $16...
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Citigroup's Teleconomy Update: Buy AMT
Friday, September 24, 2010 - 6:51am | 147Read More...Citigroup has published its Teleconomy 2010 Wireless update report, stating: "We are refreshing our valuation framework given the prospect for the tower stocks to benefit from: 1) the increasing likelihood for tower companies to retain tax efficiency by using a REIT structure beginning with...
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JP Morgan Assesses U.S. Telecom and Cable Services Sector
Thursday, July 22, 2010 - 10:43am | 704Read More...JP Morgan had previewed 2Q results for the U.S. Telecom and Cable Services sector, and has assessed each one as follows listed with upside/downside risks and price target: American Tower (NYSE: AMT) Overweight Credit environment could delay share repurchase, delays in carrier builds, wireless...
