Is Uniti Group (UNIT) In Trouble? Morgan Stanley Issues Downgrade.

June 14, 2018 - By Hazel Jackson

Uniti Group (UNIT) Receives a Downgrade

The Equity Rating of Uniti Group (UNIT) rating was lowered by research analysts at Morgan Stanley from the previous Overweight rating to a Equal-Weight rating in a research report issued to clients and investors on Thursday, 14 June.

Uniti Group Inc. (NASDAQ:UNIT) Ratings Coverage

Among 2 analysts covering Uniti Group Inc (UNIT), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Uniti Group Inc had 2 analyst reports since March 2, 2018 according to SRatingsIntel. As per Monday, May 14, the company rating was downgraded by Deutsche Bank. Cowen & Co maintained Uniti Group Inc. (NASDAQ:UNIT) rating on Friday, March 2. Cowen & Co has “Buy” rating and $26.0 target.

The stock decreased 0.69% or $0.16 during the last trading session, reaching $22.94. About 1.89M shares traded. Uniti Group Inc. (UNIT) has declined 19.29% since June 14, 2017 and is downtrending. It has underperformed by 31.86% the S&P500.

Analysts await Uniti Group Inc. (NASDAQ:UNIT) to report earnings on August, 2. They expect $0.62 EPS, up 3.33 % or $0.02 from last year’s $0.6 per share. UNIT’s profit will be $111.51 million for 9.25 P/E if the $0.62 EPS becomes a reality. After $0.62 actual EPS reported by Uniti Group Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Uniti Group Inc., an internally managed real estate investment trust, engages in the acquisition and construction of mission critical communications industry in the United States and Mexico. The company has market cap of $4.13 billion. It operates in four business divisions: Leasing, Fiber Infrastructure, Towers, and Consumer CLEC. It currently has negative earnings. The firm engages in the acquisition and leasing of mission-critical communications assets, such as fiber, data centers, consumer broadband, coaxial and upgradeable copper assets.

More notable recent Uniti Group Inc. (NASDAQ:UNIT) news were published by: Seekingalpha.com which released: “Uniti Group: Too Much Fuss” on May 22, 2018, also Seekingalpha.com with their article: “Uniti: Not So Fast” published on May 17, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. More interesting news about Uniti Group Inc. (NASDAQ:UNIT) were released by: Seekingalpha.com and their article: “Uniti Group: Breaking Away From Windstream” published on June 07, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” with publication date: June 14, 2018.

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