Barclays analyst Brendan Lynch assigned a Hold rating to Uniti Group (UNIT – Research Report) yesterday and set a price target of $4.00. The company’s shares closed yesterday at $4.97.
Lynch covers the Real Estate sector, focusing on stocks such as Digital Realty, Crown Castle, and Uniti Group. According to TipRanks, Lynch has an average return of -1.6% and a 43.04% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Uniti Group with a $5.29 average price target, implying a 6.44% upside from current levels. In a report released on August 2, Bank of America Securities also maintained a Hold rating on the stock with a $5.00 price target.
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The company has a one-year high of $9.23 and a one-year low of $2.84. Currently, Uniti Group has an average volume of 3.18M.
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Uniti Group, Inc. is a real estate investment trust company, which is engaged in the acquisition and construction of mission infrastructure in the communications industry. It operates through the following business segments: Leasing, Fiber Infrastructure, Towers, Consumer CLEC, and Corporate. The Leasing segment represents the real estate investment trust operations of the company and includes the results from leasing business, Uniti leasing, which engages in the acquisition of mission-critical communications assets and leasing them to anchor customers on either and exclusive or shared-tenant basis. The Fiber Infrastructure segment refers to the operations of the fiber business of the company, Uniti Fiber, which provides infrastructure solutions, including cell site backhaul and dark fiber, to the telecommunications industry. The Towers segment encompasses Uniti Towers, which acquires and construct tower-related real estate in the United States and Latin America. The Consumer CLEC segment is the operations of Talk America, which provides local telephone, high-speed internet and long distance services to customers in the eastern and central United States. The Corporate segment is consist of corporate and back office functions of the company. The company was founded in February 2014 and is headquartered in Little Rock, AR.
Read More on UNIT:
- Uniti Group Inc. Reports Second Quarter 2023 Results
- Uniti Group Inc. Declares $0.15 Per Share Quarterly Dividend
- Uniti Group Inc. to Present at the TD Cowen 9th Annual Communications Infrastructure Summit
- Uniti Group announces long-haul fiber agreement with internet provider
- Uniti Announces Long-Haul Dark Fiber Agreement with Global Internet Provider
