Why RBC Capital Started Coverage On Uniti Group (US:UNIT) Stock With “Outperform” Rating

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RBC Analyst Rating Change Uniti Group US:UNIT

Uniti Group (US:UNIT) Price Target & New Coverage by RBC Capital

In analysts report revealed today, RBC Capital analysts has started Uniti Group (US:UNIT) coverage with “Outperform” rating, and a $32.0 price target.

In spite of the new coverage US:UNIT is at the moment trading -0.56% lower at $26.73 as of 10:08 PM New York time. Uniti Group shares have [From2] 0% over the last 200 days, while the Standard & Poor’s 500 index has gained 6.00% for the same time.

UNIT Stock Chart

Uniti Group (US:UNIT) Profile

Uniti Group Inc., formerly Communications Sales & Leasing, Inc., is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. It operates in four segments: Leasing, Fiber Infrastructure, Towers and Consumer Competitive Local Exchange Carrier (Consumer CLEC).

Uniti Group (US:UNIT) traded down -0.56% on 19 June, hitting $26.73. A total of shares of the company’s stock traded hands. This is down from average of 1.32 million shares. Uniti Group has a 52 week low of $22.50 and a 52 week high of $32.73. The company has a market cap of $4.66 billion and a P/E ratio of 0.

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