UniTek Global Services Stock Rating Lowered by Zacks (UNTK)
UniTek Global Services (NASDAQ:UNTK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Thursday, Stock Ratings Network reports. They currently have a $1.10 price target on the stock. Zacks‘ price objective indicates a potential downside of 4.35% from the company’s current price.
Shares of UniTek Global Services (NASDAQ:UNTK) remained flat at $1.15 during during mid-day trading trading on Thursday. 15,500 shares of the company’s stock traded hands. UniTek Global Services has a 52-week low of $0.95 and a 52-week high of $4.19. The stock’s 50-day moving average is $1.37 and its 200-day moving average is $1.62. The company’s market cap is $21.8 million.
UniTek Global Services, Inc formerly Berliner Communications, Inc (NASDAQ:UNTK), is a provider of permanently outsourced infrastructure services, offering a suite of technical services to the wireless and wireline telecommunications, satellite television and broadband cable industries in the United States and Canada.
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