BidaskClub Lowers Uniti Group (UNIT) to Hold
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.
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.
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