In a report released on August 4, Brett Feldman from Goldman Sachs maintained a Hold rating on Uniti Group (UNIT – Research Report). The company’s shares opened today at $5.25.
Feldman covers the Communication Services sector, focusing on stocks such as T Mobile US, AMC Networks, and AT&T. According to TipRanks, Feldman has an average return of 4.0% and a 51.58% success rate on recommended stocks.
Currently, the analyst consensus on Uniti Group is a Hold with an average price target of $5.67, which is an 8.00% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Hold rating on the stock with a $5.00 price target.
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UNIT market cap is currently $1.26B and has a P/E ratio of -10.71.
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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 sees FY23 revenue $1.154B to $1.174B, consensus $1.16B
- Uniti Group reports Q2 AFFO 34c, consensus 34c
- 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
