Communications Sales & Leasing,Inc. (NASDAQ:UNIT)‘s stock had its “buy” rating restated by analysts at Cowen and Company in a research note issued to investors on Friday.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Communications Sales & Leasing,Inc. from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine upgraded Communications Sales & Leasing,Inc. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. J P Morgan Chase & Co lowered Communications Sales & Leasing,Inc. from an “overweight” rating to a “neutral” rating in a report on Monday, October 2nd. Citigroup Inc. lowered Communications Sales & Leasing,Inc. from a “buy” rating to a “neutral” rating in a report on Tuesday, September 26th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $32.00 target price on shares of Communications Sales & Leasing,Inc. in a report on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Communications Sales & Leasing,Inc. currently has a consensus rating of “Buy” and a consensus price target of $28.38.

Communications Sales & Leasing,Inc. (UNIT) traded down $0.55 on Friday, reaching $16.47. The company had a trading volume of 4,914,847 shares, compared to its average volume of 3,761,603. The stock has a market cap of $2,872.33, a price-to-earnings ratio of 6.76 and a beta of 1.26.

Communications Sales & Leasing,Inc. (NASDAQ:UNIT) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.06). The company had revenue of $213.01 million during the quarter, compared to analysts’ expectations of $214.09 million. During the same period in the prior year, the business posted $0.56 EPS. The business’s revenue was up 13.0% on a year-over-year basis. research analysts expect that Communications Sales & Leasing,Inc. will post 2.49 earnings per share for the current fiscal year.

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In other news, EVP Daniel L. Heard acquired 5,400 shares of the stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $18.54 per share, for a total transaction of $100,116.00. Following the completion of the transaction, the executive vice president now owns 40,793 shares in the company, valued at approximately $756,302.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenny Gunderman acquired 2,500 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $19.48 per share, for a total transaction of $48,700.00. Following the completion of the transaction, the insider now owns 266,553 shares of the company’s stock, valued at approximately $5,192,452.44. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 15,700 shares of company stock valued at $297,116. Corporate insiders own 0.39% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC increased its position in shares of Communications Sales & Leasing,Inc. by 188.9% during the third quarter. Gabelli Funds LLC now owns 156,000 shares of the real estate investment trust’s stock valued at $2,287,000 after purchasing an additional 102,000 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Communications Sales & Leasing,Inc. by 636.3% during the third quarter. Gamco Investors INC. ET AL now owns 67,000 shares of the real estate investment trust’s stock valued at $982,000 after purchasing an additional 57,900 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Communications Sales & Leasing,Inc. during the third quarter valued at approximately $316,000. Advisory Services Network LLC increased its position in shares of Communications Sales & Leasing,Inc. by 2.3% during the second quarter. Advisory Services Network LLC now owns 45,920 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 1,047 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of Communications Sales & Leasing,Inc. by 86.5% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 37,949 shares of the real estate investment trust’s stock valued at $954,000 after purchasing an additional 17,600 shares during the period. Institutional investors and hedge funds own 68.35% of the company’s stock.

Communications Sales & Leasing,Inc. Company Profile

Uniti Group Inc, formerly Communications Sales & Leasing, Inc, is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.

Analyst Recommendations for Communications Sales & Leasing,Inc. (NASDAQ:UNIT)

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