ValuEngine downgraded shares of Uniti Group (NASDAQ:UNIT) from a strong-buy rating to a buy rating in a report issued on Friday morning.
A number of other analysts have also recently weighed in on UNIT. Zacks Investment Research cut Uniti Group from a buy rating to a hold rating in a research report on Tuesday, October 10th. Cowen reiterated a buy rating and issued a $30.00 price target on shares of Uniti Group in a research report on Thursday, October 19th. Royal Bank of Canada lowered their price target on Uniti Group from $32.00 to $18.00 and set an outperform rating on the stock in a research report on Monday, November 6th. Finally, BidaskClub upgraded Uniti Group from a sell rating to a hold rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Uniti Group presently has a consensus rating of Hold and a consensus price target of $26.14.
Shares of Uniti Group (UNIT) opened at $14.84 on Friday. Uniti Group has a 1 year low of $13.81 and a 1 year high of $29.65. The firm has a market capitalization of $2,600.00 and a price-to-earnings ratio of -54.96. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.03 and a quick ratio of 0.03.
A number of institutional investors have recently bought and sold shares of the business. Sutton Square Management L.P. acquired a new position in Uniti Group in the fourth quarter worth $4,337,000. Gabelli Funds LLC boosted its stake in Uniti Group by 44.9% in the fourth quarter. Gabelli Funds LLC now owns 226,000 shares of the real estate investment trust’s stock worth $4,021,000 after purchasing an additional 70,000 shares in the last quarter. PVG Asset Management Corp boosted 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 worth $2,549,000 after purchasing an additional 41,666 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Uniti Group by 9.9% in the fourth quarter. State of Alaska Department of Revenue now owns 103,350 shares of the real estate investment trust’s stock worth $1,837,000 after purchasing an additional 9,270 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Uniti Group by 39.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 70,200 shares of the real estate investment trust’s stock worth $1,249,000 after purchasing an additional 19,800 shares in the last quarter. 70.05% of the stock is currently owned by institutional investors.
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Uniti Group 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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