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Stock impact report

Is Uniti Group (UNIT) the Next Big Fiber Acquisition? [Yahoo! Finance]

Uniti Group Inc. (UNIT) 
Last uniti group inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.uniti.com
Company Research Source: Yahoo! Finance
Buy rating on Uniti Group Inc. (NASDAQ:UNIT) with a price target of $11. As highlighted by the firm, the company's share price ended the last half hour of Q1 with a 15.8% spike, driving nearly half of its 33.8% move for the quarter. This comes as a TMT Finance article pointed to a possible acquisition of the company by TPG and T-Mobile (NASDAQ:TMUS), which the firm believes makes sense due to the growing interest of T-Mobile in more fiber-to-the-home passings. Why Wall Street Still Sees Upside in Atlassian (TEAM)'s AI Positioning Pressmaster/Shutterstock.com The analyst further said that there is uncertainty around the fate of the legacy incumbent local exchange carrier that T-Mobile isn't looking for, adding that TPG could run the asset for cash over the upcoming few years. Raymond James believes other carriers, including AT&T, Verizon, and Bell Canada, may also show interest, with a live buyer likely accelerating their participation. During the 47th Annual Raymond James In Show less Read more
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