Uniti Group Inc (NASDAQ:UNIT) shares traded 12.34% higher at $5.28 on Wall Street last session.
UNIT stock price is now 40.43% away from the 50-day moving average and 10.41% away from the 200-day moving average. The market capitalization of the company currently stands at $1.29B.
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With the price target reduced from $8 to $6, Raymond James Downgraded its rating from Strong Buy to Outperform for Uniti Group Inc (NASDAQ: UNIT). On November 07, 2023, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $3.50, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Mudry Ronald J., SVP-CHIEF REVENUE OFFICER sold 28,693 shares of the company’s stock on Aug 06 ’24. The stock was sold for $113,050 at an average price of $3.94. Upon completion of the transaction, the SVP-CHIEF REVENUE OFFICER now directly owns 513,761 shares in the company, valued at $2.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, Officer THE MUDRY FAM RLT bought 28,693 shares of the business’s stock. A total of $113,071 was incurred on buying the stock at an average price of $3.94. A total of 4.70% of the company’s stock is owned by insiders.
During the past 12 months, Uniti Group Inc has had a low of $2.57 and a high of $6.71. According to the stock market information, the enterprise value for the company is $7039434240, which is based on a 230.57 price-to-earnings ratio, a 13.25 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for UNIT is $3.76 and a two-hundred day moving average price translates $4.78235 for the stock.
The latest earnings results from Uniti Group Inc (NASDAQ: UNIT) was released for 2024-06-30. The company reported revenue of $294.95 million for the quarter, compared to $283.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.97 percent.
