Communications Sales & Leasing,Inc. (UNIT) Given Average Rating of “Buy” by Analysts

Communications Sales & Leasing,Inc. (NASDAQ:UNIT) has earned a consensus recommendation of “Buy” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.00.

A number of research firms recently weighed in on UNIT. Royal Bank Of Canada lowered their target price on shares of Communications Sales & Leasing,Inc. from $32.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday, November 6th. Cowen and Company restated a “buy” rating on shares of Communications Sales & Leasing,Inc. in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Communications Sales & Leasing,Inc. from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine upgraded shares of Communications Sales & Leasing,Inc. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, J P Morgan Chase & Co lowered shares of Communications Sales & Leasing,Inc. from an “overweight” rating to a “neutral” rating in a report on Monday, October 2nd.

Communications Sales & Leasing,Inc. (UNIT) traded down $0.01 on Friday, hitting $15.87. 1,972,054 shares of the company were exchanged, compared to its average volume of 3,680,975. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of -0.05. Communications Sales & Leasing,Inc. has a 12 month low of $13.81 and a 12 month high of $29.65. The firm has a market cap of $2,784.60, a price-to-earnings ratio of 6.56, a PEG ratio of 0.86 and a beta of 1.26.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 15.12%. The ex-dividend date of this dividend is Thursday, December 28th. Communications Sales & Leasing,Inc.’s payout ratio is -774.19%.

TRADEMARK VIOLATION WARNING: “Communications Sales & Leasing,Inc. (UNIT) Given Average Rating of “Buy” by Analysts” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/19/communications-sales-leasinginc-unit-given-average-rating-of-buy-by-analysts.html.

In other news, insider Kenny Gunderman acquired 4,000 shares of Communications Sales & Leasing,Inc. stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $18.88 per share, with a total value of $75,520.00. Following the transaction, the insider now owns 271,553 shares of the company’s stock, valued at approximately $5,126,920.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC bought a new position in shares of Communications Sales & Leasing,Inc. during the 1st quarter valued at approximately $7,790,000. Forsta AP Fonden grew its position in shares of Communications Sales & Leasing,Inc. by 471.2% during the 2nd quarter. Forsta AP Fonden now owns 226,200 shares of the real estate investment trust’s stock valued at $5,687,000 after acquiring an additional 186,600 shares during the period. PVG Asset Management Corp grew its position in shares of Communications Sales & Leasing,Inc. by 31.5% during the 3rd quarter. PVG Asset Management Corp now owns 173,868 shares of the real estate investment trust’s stock valued at $2,549,000 after acquiring an additional 41,666 shares during the period. Gabelli Funds LLC grew its position in shares of Communications Sales & Leasing,Inc. by 188.9% during the 3rd quarter. Gabelli Funds LLC now owns 156,000 shares of the real estate investment trust’s stock valued at $2,287,000 after acquiring an additional 102,000 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of Communications Sales & Leasing,Inc. by 117.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 78,800 shares of the real estate investment trust’s stock valued at $1,981,000 after acquiring an additional 42,500 shares during the period. 67.43% of the stock is owned by hedge funds and other institutional investors.

About Communications Sales & Leasing,Inc.

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.

Analyst Recommendations for Communications Sales & Leasing,Inc. (NASDAQ:UNIT)

Receive News & Ratings for Communications Sales & LeasingInc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Communications Sales & LeasingInc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply