What Will Happen to Uniti Group Inc. (UNIT) Next? The Stock Just Increased A Lot

February 15, 2018 - By Stephen Andrade

The stock of Uniti Group Inc. (NASDAQ:UNIT) is a huge mover today! The stock increased 6.37% or $0.96 during the last trading session, reaching $16.03. About 2.36M shares traded. Uniti Group Inc. (NASDAQ:UNIT) has risen 0.96% since February 15, 2017 and is uptrending. It has underperformed by 15.74% the S&P500.
The move comes after 6 months positive chart setup for the $2.81B company. It was reported on Feb, 15 by Barchart.com. We have $16.51 PT which if reached, will make NASDAQ:UNIT worth $84.39 million more.

Analysts await Uniti Group Inc. (NASDAQ:UNIT) to report earnings on February, 22. They expect $0.62 EPS, up 14.81 % or $0.08 from last year’s $0.54 per share. UNIT’s profit will be $108.80M for 6.46 P/E if the $0.62 EPS becomes a reality. After $0.63 actual EPS reported by Uniti Group Inc. for the previous quarter, Wall Street now forecasts -1.59 % negative EPS growth.

More important recent Uniti Group Inc. (NASDAQ:UNIT) news were published by: Globenewswire.com which released: “Uniti Group Inc. Announces Tax Reporting Information for 2017 Distributions” on January 23, 2018, also Seekingalpha.com published article titled: “Uniti Group: Value Trap Of 2018”, Seekingalpha.com published: “Uniti: Simulating The Windstream Bankruptcy” on January 26, 2018. More interesting news about Uniti Group Inc. (NASDAQ:UNIT) was released by: Seekingalpha.com and their article: “Windstream Vs. Aurelius: The Saga Continues” with publication date: January 21, 2018.

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 $2.81 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.

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