Uniti Group (NASDAQ:UNIT – Get Rating) had its price target reduced by Citigroup from $9.00 to $7.25 in a research note published on Wednesday, Benzinga reports. Citigroup currently has a neutral rating on the real estate investment trust’s stock.
UNIT has been the subject of a number of other research reports. Morgan Stanley dropped their target price on Uniti Group from $10.00 to $8.00 and set an underweight rating for the company in a research report on Monday, October 24th. Royal Bank of Canada reduced their price target on Uniti Group from $14.00 to $10.00 and set a sector perform rating on the stock in a research note on Thursday, October 20th. Finally, The Goldman Sachs Group dropped their target price on Uniti Group from $9.00 to $8.00 and set a neutral rating on the stock in a report on Monday, November 7th.
Uniti Group Stock Down 3.0 %
UNIT stock opened at $6.53 on Wednesday. The firm has a market capitalization of $1.55 billion, a PE ratio of -72.55, a PEG ratio of 0.22 and a beta of 1.27. Uniti Group has a twelve month low of $5.34 and a twelve month high of $14.25. The stock has a 50-day simple moving average of $6.17 and a two-hundred day simple moving average of $7.64.
Institutional Inflows and Outflows
Uniti Group Company Profile
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.
- Get a free copy of the StockNews.com research report on Uniti Group (UNIT)
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