Shares of Uniti Group (UNIT) Struck With Downgrade From Morgan Stanley. Should Investors be Concerned?

June 14, 2018 - By Louis Casey

Uniti Group (UNIT) Receives a Downgrade

Equity research analysts at Morgan Stanley’s equity research division lowered shares of Uniti Group (UNIT) from a “Overweight” to a “Equal-Weight” rating today. Theses analysts currently have a price target of $24 on UNIT equating to a 3.58 % upside.

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. The stock of Uniti Group Inc. (NASDAQ:UNIT) earned “Buy” rating by Cowen & Co on Friday, March 2. The firm has “Hold” rating by Deutsche Bank given on Monday, May 14.

The stock increased 0.30% or $0.07 during the last trading session, reaching $23.17. About 998,090 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 earnings per share, up 3.33 % or $0.02 from last year’s $0.6 per share. UNIT’s profit will be $111.53M for 9.34 P/E if the $0.62 EPS becomes a reality. After $0.62 actual earnings per share 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 $4.17 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: which released: “Uniti Group: Too Much Fuss” on May 22, 2018, also with their article: “Uniti: Not So Fast” published on May 17, 2018, published: “Uniti Group: Breaking Away From Windstream” on June 07, 2018. More interesting news about Uniti Group Inc. (NASDAQ:UNIT) were released by: and their article: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” published on June 14, 2018 as well as‘s news article titled: “How Windstream Holdings, Inc. Stock Fell 29% Lower in May” with publication date: June 14, 2018.

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