Raymond James Downgrades Uniti Group (UNIT) Two-Nothces to Market Perform

February 19, 2019 7:34 AM EST
Get Alerts UNIT Hot Sheet
Price: $11.12 -0.89%

Rating Summary:
    2 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Raymond James analyst Frank Louthan downgraded Uniti Group (NASDAQ: UNIT) from Strong Buy to Market Perform.

Louthan notes the downgrades comes on the heels of the surprising court loss by its largest customer, Windstream. Given the uncertainty regarding the outcome of the appeal and how Windstream negotiates with creditors, they believe that the shares will not trade on the fundamentals.

For an analyst ratings summary and ratings history on Uniti Group click here. For more ratings news on Uniti Group click here.

Shares of Uniti Group closed at $12.14 yesterday.

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