Several analysts have recently updated their ratings and price targets for Communications Sales & Leasing,Inc. (NASDAQ: UNIT):

  • 8/16/2017 – Communications Sales & Leasing,Inc. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $23.00 price target on the stock. According to Zacks, “Uniti Group Inc. is a real estate investment trust company. It engaged in the acquisition and construction of mission critical 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. Uniti Group Inc. is headquartered in Little Rock, AR. “
  • 8/15/2017 – Communications Sales & Leasing,Inc. was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating.
  • 8/14/2017 – Communications Sales & Leasing,Inc. had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $31.00 price target on the stock.
  • 8/10/2017 – Communications Sales & Leasing,Inc. was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Uniti Group Inc. is a real estate investment trust company. It engaged in the acquisition and construction of mission critical 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. Uniti Group Inc. is headquartered in Little Rock, AR. “
  • 8/9/2017 – Communications Sales & Leasing,Inc. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “Uniti Group Inc. is a real estate investment trust company. It engaged in the acquisition and construction of mission critical 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. Uniti Group Inc. is headquartered in Little Rock, AR. “
  • 8/7/2017 – Communications Sales & Leasing,Inc. had its price target lowered by analysts at Citigroup Inc. from $30.00 to $27.00. They now have a “buy” rating on the stock.
  • 7/28/2017 – Communications Sales & Leasing,Inc. had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $33.00 price target on the stock.
  • 7/6/2017 – Communications Sales & Leasing,Inc. was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Uniti Group Inc. is a real estate investment trust company. It engaged in the acquisition and construction of mission critical 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. Uniti Group Inc. is headquartered in Little Rock, AR. “
  • 6/23/2017 – Communications Sales & Leasing,Inc. was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 6/19/2017 – Communications Sales & Leasing,Inc. is now covered by analysts at Royal Bank Of Canada. They set an “outperform” rating and a $32.00 price target on the stock.

Shares of Communications Sales & Leasing,Inc. (UNIT) traded up 4.72% during midday trading on Wednesday, reaching $19.51. The company’s stock had a trading volume of 3,364,180 shares. The firm has a 50-day moving average of $24.31 and a 200-day moving average of $25.78. Communications Sales & Leasing,Inc. has a one year low of $18.14 and a one year high of $32.73. The stock’s market cap is $3.42 billion.

Communications Sales & Leasing,Inc. (NASDAQ:UNIT) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.06. The company had revenue of $213.01 million during the quarter, compared to analyst estimates of $214.09 million. During the same period in the prior year, the business earned $0.56 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts forecast that Communications Sales & Leasing,Inc. will post ($0.20) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a yield of 12.30%. Communications Sales & Leasing,Inc.’s dividend payout ratio (DPR) is presently -750.00%.

In other news, insider Kenny Gunderman purchased 2,500 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $19.48 per share, for a total transaction of $48,700.00. Following the purchase, the insider now owns 266,553 shares of the company’s stock, valued at $5,192,452.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel L. Heard purchased 5,400 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $18.54 per share, with a total value of $100,116.00. Following the purchase, the executive vice president now directly owns 40,793 shares in the company, valued at approximately $756,302.22. The disclosure for this purchase can be found here. 0.39% of the stock is owned by corporate insiders.

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.

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