Uniti Group (UNIT) Expected to Announce Earnings on Friday

Uniti Group (NASDAQ:UNIT - Get Free Report) will likely be announcing its earnings results before the market opens on Friday, February 21st. Analysts expect the company to announce earnings of $0.33 per share and revenue of $294.59 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Uniti Group Trading Up 4.9 %

NASDAQ UNIT traded up $0.27 on Monday, hitting $5.82. 2,889,909 shares of the company's stock traded hands, compared to its average volume of 1,653,311. Uniti Group has a 1-year low of $2.57 and a 1-year high of $6.71. The firm's 50-day moving average price is $5.60 and its two-hundred day moving average price is $5.37. The firm has a market capitalization of $1.42 billion, a PE ratio of 14.20 and a beta of 1.31.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their target price on shares of Uniti Group from $5.50 to $6.00 and gave the company a "sector perform" rating in a report on Monday, December 23rd.

About Uniti Group

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.