Microsoft Corp MSFT:NASDAQ

Last Price$203.19NASDAQ Closing Price as of 4:00PM ET 9/24/20
NASDAQ 15-minute delayed Bid/Ask Quotes
Today's Change+2.60(1.30%)
Bid (Size)$203.70 (2)
Ask (Size)$203.85 (3)
Day Low / High$199.20 - 205.57
Volume31.1 M

Research Alert: CFRA Maintains Hold Opinion On Shares Of Sba Communications Corporation

6:30PM ET 8/04/2020 MT Newswires
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by $20 to $330, applying an EV/EBITDA multiple of 30.9x to our '21 estimate, a premium to its three-year historical average multiple at 24.1x, reflecting our higher growth outlook and benefits from the recent moves to improve its capital structure. We increase our '20 adjusted FFO estimate by $0.08 to $9.24 and raise '21's by $0.03 to $10.25. SBAC reported Q2 adjusted FFO of $2.29 vs. $2.09, $0.08 above the consensus. Q2 same tower recurring cash leasing revenue increased 5%, with domestic growth of 6.7% and international growth of 7.8%. Spending by T-Mobile is progressing at a slower-than-anticipated rate, as it focuses on workforce integration and closing the Boost deal. We expect to see an acceleration in spending in Q3 and Q4. We are slightly concerned with the Latin American markets, as the rapid spread of Covid-19 is taking a heavy toll on the economy.