SBA Communications Corp Class A
SBAC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|>? | LOCK|<xm#k | LOCK|V%Tx<^ |
International Markets Will Continue To Be a Key Driver for SBA Communications
Business Strategy and Outlook
SBA Communications is a geographically diversified tower company, and one of the big three US tower firms. The firm has historically utilized the most financial leverage of its peers but has recently taken a more conservative approach to managing its balance sheet, a move we favor. The firm should benefit from incremental wireless network investment from continued carrier upgrades, both domestically and internationally, that should drive revenue and profitability.
