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UNIT

Uniti Group

$8.50

0.13 (1.55%)

16:20
07/22/19
07/22
16:20
07/22/19
16:20

Uniti Group responds to motion filed by Windstream seeking mediator

Uniti Group issued a statement in response to the motion filed by Windstream on July 12 seeking appointment of a mediator to oversee negotiations with Uniti, and in response to other motions in the bankruptcy cases of Windstream Holdings and its subsidiaries. UIniti CEO Kenny Gunderman said, "Uniti is encouraged by the continued efforts to reach a mutually beneficial outcome between Windstream and Uniti. We remain focused on serving the interests of our stakeholders first, while also remaining hopeful that Windstream will emerge with an improved business." On July 19, Uniti filed an objection in response to the motion filed in the Windstream bankruptcy cases by UMB Bank, National Association and U.S. Bank National Association, as indenture trustees for certain unsecured notes issued by certain of Windstream Holdings' subsidiaries. The objection also responded to various similar claims and allegations raised in the motion filed by Windstream's unsecured creditors committee. Uniti believes both pleadings contain major factual and legal flaws and inconsistencies. Under appropriate legal tests, Uniti is confident the master lease is a "true lease," and every serious analysis of it ever performed by specialists has reached that conclusion. Uniti is confident that a careful examination of the evidence will confirm that the master lease is a true lease, as it was asserted to be by Windstream and its advisors when it was executed.

  • 08

    Aug

UNIT Uniti Group
$8.50

0.13 (1.55%)

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.
07/03/19
MSCO
07/03/19
NO CHANGE
MSCO
Underweight
Next three months to be 'pivotal' for Uniti Group, says Morgan Stanley
Morgan Stanley analyst Simon Flannery previewed upcoming events in the bankruptcy process for Windstream (WIN), including a court hearing scheduled for July 26 and the assume/reject decision for the Uniti Group (UNIT) lease due on September 23, calling the next three month likely "pivotal" for Uniti shares. The analyst, who thinks that Windstream's financial position and declining performance require a significant lease cut that is not fully discounted in Uniti's share price, keeps an Underweight rating on the latter stock.

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TGT

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$108.00

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