Uniti Group (NASDAQ:UNIT) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
UNIT has been the topic of several other research reports. Zacks Investment Research cut Uniti Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 17th. JPMorgan Chase & Co. cut Uniti Group from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $23.00 to $16.00 in a research note on Tuesday. BidaskClub raised Uniti Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Royal Bank of Canada cut Uniti Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $22.00 to $15.00 in a research note on Wednesday. Finally, Morgan Stanley cut Uniti Group from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $24.00 to $16.00 in a research note on Wednesday, December 12th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Uniti Group has an average rating of “Hold” and an average price target of $21.00.
NASDAQ:UNIT opened at $9.99 on Friday. Uniti Group has a fifty-two week low of $9.85 and a fifty-two week high of $23.42. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 3.98, a price-to-earnings-growth ratio of 0.56 and a beta of 1.28.
Uniti Group Company Profile
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 September 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 850 wireless towers, and other communications real estate throughout the United States and Latin America.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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