Uniti Group (NASDAQ:UNIT) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Uniti Group (NASDAQ:UNIT) from a buy rating to a hold rating in a research note published on Saturday, January 6th.

Several other analysts have also recently issued reports on UNIT. Royal Bank of Canada reaffirmed a buy rating and set a $32.00 price objective on shares of Uniti Group in a research note on Monday, September 18th. Citigroup cut shares of Uniti Group from a buy rating to a neutral rating in a research note on Tuesday, September 26th. JPMorgan Chase & Co. lowered shares of Uniti Group from an overweight rating to a neutral rating in a report on Monday, October 2nd. ValuEngine upgraded shares of Uniti Group from a hold rating to a buy rating in a report on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Uniti Group from a buy rating to a hold rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $26.14.

Shares of Uniti Group (UNIT) opened at $15.55 on Friday. The company has a market cap of $2,730.00 and a PE ratio of -57.59. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.03 and a current ratio of 0.03. Uniti Group has a one year low of $13.81 and a one year high of $29.65.

Several large investors have recently made changes to their positions in UNIT. Fort Washington Investment Advisors Inc. OH increased its position in shares of Uniti Group by 86.5% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 37,949 shares of the real estate investment trust’s stock valued at $954,000 after purchasing an additional 17,600 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Uniti Group by 2.3% in the 2nd quarter. Advisory Services Network LLC now owns 45,920 shares of the real estate investment trust’s stock valued at $1,154,000 after purchasing an additional 1,047 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Uniti Group in the 3rd quarter valued at approximately $316,000. Gamco Investors INC. ET AL increased its position in shares of Uniti Group by 636.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 67,000 shares of the real estate investment trust’s stock valued at $982,000 after purchasing an additional 57,900 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Uniti Group by 188.9% in the 3rd quarter. Gabelli Funds LLC now owns 156,000 shares of the real estate investment trust’s stock valued at $2,287,000 after purchasing an additional 102,000 shares during the last quarter. 69.91% 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.

Analyst Recommendations for Uniti Group (NASDAQ:UNIT)

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