Cowen & Co. analyst Gregory Williams reiterated a Buy rating on Uniti Group Inc (NASDAQ: UNIT) on August 10 and set a price target of $28. The company’s shares closed on Friday at $18.80.
According to TipRanks.com, Williams has currently no stars on a ranking scale of 0-5 stars, with an average return of -18.4% and a 33.3% success rate. Williams covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, CenturyLink Inc, and Windstream.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Uniti Group Inc with a $23.33 average price target.
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Based on Uniti Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.16 million. In comparison, last year the company had a GAAP net loss of $16.84 million.
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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 Operations.
