Are Uniti Group (UNIT) Shares Worth Your Time and Dime Following Recent Morgan Stanley Downgrade?

June 14, 2018 - By Kristen Paramore

Uniti Group (UNIT) Receives a Downgrade

In a report published on 14 June, Morgan Stanley lowered shares of Uniti Group (UNIT) to a lower Equal-Weight rating from the previous Overweight rating.

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 firm has “Buy” rating given on Friday, March 2 by Cowen & Co. The firm earned “Hold” rating on Monday, May 14 by Deutsche Bank.

The stock decreased 0.69% or $0.16 during the last trading session, reaching $22.94. About 1.89 million 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 $111.51M for 9.25 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 $4.13 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: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” on June 14, 2018, also Seekingalpha.com with their article: “Uniti: Not So Fast” published on May 17, 2018, Seekingalpha.com published: “Uniti Group: Breaking Away From Windstream” on June 07, 2018. More interesting news about Uniti Group Inc. (NASDAQ:UNIT) were released by: 247Wallst.com 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 Nasdaq.com‘s news article titled: “How Windstream Holdings, Inc. Stock Fell 29% Lower in May” with publication date: June 14, 2018.

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