BidaskClub Upgrades Uniti Group (UNIT) to Buy

Uniti Group (NASDAQ:UNIT) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday, BidAskClub reports.

A number of other analysts have also recently weighed in on the stock. ValuEngine cut shares of Uniti Group from a “sell” rating to a “strong sell” rating in a report on Monday, April 1st. Deutsche Bank dropped their target price on shares of Uniti Group from $20.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, March 22nd. Citigroup dropped their target price on shares of Uniti Group from $11.00 to $8.00 and set a “sell” rating on the stock in a report on Tuesday, March 19th. Zacks Investment Research cut shares of Uniti Group from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Finally, Wells Fargo & Co cut shares of Uniti Group from a “market perform” rating to an “underperform” rating and increased their target price for the stock from $8.00 to $23.00 in a report on Tuesday, March 5th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.00.

Shares of NASDAQ:UNIT opened at $10.82 on Tuesday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 4.31, a price-to-earnings-growth ratio of 1.72 and a beta of 1.04. Uniti Group has a 1-year low of $8.06 and a 1-year high of $23.42.



Uniti Group (NASDAQ:UNIT) last issued its earnings results on Thursday, May 9th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.54). The business had revenue of $261.03 million for the quarter, compared to analyst estimates of $270.25 million. Uniti Group had a negative return on equity of 0.82% and a net margin of 1.16%. Sell-side analysts anticipate that Uniti Group will post 2.22 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC grew its position in shares of Uniti Group by 52.7% during the fourth quarter. Private Capital Group LLC now owns 2,150 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 742 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Uniti Group during the first quarter worth about $59,000. Oregon Public Employees Retirement Fund grew its position in shares of Uniti Group by 1,578.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,091,800 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,026,739 shares during the last quarter. Athena Capital Advisors LLC bought a new position in shares of Uniti Group during the fourth quarter worth about $82,000. Finally, Rocky Mountain Advisers LLC grew its position in shares of Uniti Group by 1,566.7% during the first quarter. Rocky Mountain Advisers LLC now owns 7,500 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 7,050 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

About Uniti Group

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of December 31, 2018, Uniti owns 5.5 million fiber strand miles, approximately 928 wireless towers, and other communications real estate throughout the United States and Latin America.

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Analyst Recommendations for Uniti Group (NASDAQ:UNIT)

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