RBC Capital analyst Jonathan Atkin reiterated a Buy rating on Uniti Group Inc (NASDAQ: UNIT) on August 14 and set a price target of $22. The company’s shares opened today at $19.84.
According to TipRanks.com, Atkin is a top 25 analyst with an average return of 17.2% and a 82.4% success rate. Atkin covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, GDS Holdings Ltd, and Wideopenwest Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Uniti Group Inc with a $25 average price target, implying a 26.0% upside from current levels. In a report issued on August 10, Cowen & Co. also reiterated a Buy rating on the stock with a $28 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.
