Uniti Group (NASDAQ:UNIT) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other analysts have also weighed in on the stock. ValuEngine lowered shares of Uniti Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada cut their target price on shares of Uniti Group from $32.00 to $18.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Cowen reiterated a “buy” rating on shares of Uniti Group in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Uniti Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. lowered shares of Uniti Group from an “overweight” rating to a “neutral” rating in a report on Monday, October 2nd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Uniti Group presently has an average rating of “Buy” and an average target price of $26.14.

Shares of Uniti Group (NASDAQ UNIT) traded up $0.05 on Friday, hitting $17.16. 1,165,449 shares of the stock traded hands, compared to its average volume of 2,510,000. The company has a market capitalization of $3,020.00 and a PE ratio of -63.56. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.03 and a quick ratio of 0.03. Uniti Group has a 12 month low of $13.81 and a 12 month high of $29.65.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PVG Asset Management Corp increased its stake in Uniti Group by 31.5% in the third quarter. PVG Asset Management Corp now owns 173,868 shares of the real estate investment trust’s stock valued at $2,549,000 after purchasing an additional 41,666 shares in the last quarter. Messner & Smith Theme Value Investment Management Ltd. CA bought a new stake in Uniti Group in the third quarter valued at $757,000. Gabelli Funds LLC increased its position in shares of Uniti Group by 188.9% during the third quarter. Gabelli Funds LLC now owns 156,000 shares of the real estate investment trust’s stock worth $2,287,000 after acquiring an additional 102,000 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Uniti Group 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 worth $982,000 after acquiring an additional 57,900 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Uniti Group during the third quarter worth about $316,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

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About Uniti Group

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 Uniti Group (NASDAQ:UNIT)

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