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UNIT

Uniti Group

$10.85

-0.61 (-5.32%)

15:10
05/14/19
05/14
15:10
05/14/19
15:10

Put buy in Uniti Group will create its largest open interest

Put buy in Uniti Group will create its largest open interest. The stock off 4.8% to $10.92 and seeing notable intraday weakness, perhaps in reaction to commentary at a presentation at JP Morgan Tech, Media and Communications conference Tuesday. In options action, 25K Nov 7.5 puts trade 80c with bid-ask 50 to 80c. Open interest is 66 and the puts are struck 31% below spot. The put buy comes after earnings lifted shares 4.7% to $11.79 Friday. November contracts capture the next two reports in early-August and November.

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UNIT Uniti Group
$10.85

-0.61 (-5.32%)

03/05/19
03/05/19
DOWNGRADE
Target $8

Underperform
Uniti Group downgraded to Underperform on too much uncertainty at Wells Fargo
As previously reported, Wells Fargo analyst Jennifer Fritzsche downgraded Uniti Group (UNIT) to Underperform from Market Perform and lowered her price target on the shares to $8 from $17. The analyst notes that the company released an 8K which indicated a significant cut in the dividend. Fritzsche believes the February 15 ruling against Windstream (WIN) in its case versus Aurelius Capital Management, and the ripple effect on Uniti including a delay of the company's Q4 earnings and potential default in its credit agreement, has introduced a great degree of uncertainty into the story. While the analyst continues to believe Uniti's fiber assets are attractive, the company's path toward diversifying away from its Windstream exposure has become more difficult to model.
03/05/19
03/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Uniti Group (UNIT) downgraded to Underperform from Market Perform at Wells Fargo with analyst Jennifer Fritzsche saying the company released an 8K which indicated a significant cut in the dividend. 2. Adamas Pharmaceuticals (ADMS) downgraded to Underperform from Neutral at Mizuho, to Market Perform from Outperform at Cowen, and to Hold from Buy at Needham. 3. SQM (SQM) downgraded to Neutral from Buy at Citi with analyst Andrew McCarthy saying he continues to like the long-term lithium demand story but does not expect share price outperformance over the next 12 months. 4. Orange SA (ORAN) downgraded to Equal Weight from Overweight at Barclays with analyst Mathieu Robilliard saying an "irrational level of promotions" in 2018 continue to weigh on French telecoms. 5. Inter Parfums (IPAR) downgraded to Neutral from Buy at DA Davidson with analyst Linda Bolton Weiser citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/19/19
SBSH
03/19/19
NO CHANGE
Target $8
SBSH
Sell
Uniti Group price target lowered to $8 from $11 at Citi
Citi analyst Michael Rollins lowered his price target for Uniti Group to $8 from $11 saying he remains concerned about the company's cash position and the continued demands on its balance sheet during 2019. He keeps a Sell rating on the shares.
03/25/19
RBCM
03/25/19
NO CHANGE
Target $9
RBCM
Sector Perform
RBC Capital adds Speculative Risk qualifier to Uniti Group
RBC Capital analyst Bora Lee keeps his Sector Perform rating on Uniti Group (UNIT) but adds a "Speculative Risk" qualifier and lowers the price target on the shares to $9 from $15. The analyst says the company's Q4 results last week were "solid", but the quarter was "overshadowed by the Windstream (WIN) situation", adding that the stock will likely "continue to experience volatility" from Windstream bankruptcy. Lee adds that installs were impacted by Hurricane Michael, even though the company "continues to expect the majority of its existing dark fiber and small cell construction projects to be completed" by the end of 2019.

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LSCC

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DIS

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WVE

Wave Life Sciences

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CALA

Calithera Biosciences

$5.66

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08:51
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HOTH

Hoth Therapeutics

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BLCM

Bellicum Pharmaceuticals

$2.93

-0.14 (-4.56%)

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AZPN

Aspen Technology

$116.07

-1.02 (-0.87%)

08:45
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Conference/Events
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AVID

Avid Technology

$7.77

0.07 (0.91%)

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AMRS

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GRUB

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CRAY

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$36.53

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, HPE

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$14.63

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08:36
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ALB

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