Keyword: SBA Communications
On Wednesday, SBA Communications became the first tower company to confirm it has received applications from AT&T for the FirstNet build, Wells Fargo reported.
Shares of tower companies jumped Monday after Sprint and T-Mobile said negotiations to merge had collapsed.
The tower segment is regaining its footing, according to multiple analysts, and the near term looks bright thanks largely to the FirstNet buildout.
Vendors of small cells expect that market to ramp up significantly over the next few years as carriers look to densify their networks.
SBA Communications may be ripe for a tie-up with a bigger rival in the tower sector, according to Barclays. But don’t expect that to happen soon.
Wall Street analysts are almost unanimous in their outlook for the tower industry. And their outlook for the tower industry is good.
MoffettNathanson raised target prices across the board for shares of the three biggest tower companies in the U.S.
American Tower upped its 2017 outlook by $100 million thanks to an amended lease with a tenant that analysts believe is AT&T.
BTIG Research bumped up its outlook for tower companies American Tower and SBA Communications, but opted not to raise its forecast for Crown Castle.
AT&T is likely to win the FirstNet contract in a move that would provide a significant lift to tower companies, but questions remain about the market for small cells.