Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Uniti Group ( (UNIT) ) has provided an update.
Uniti Group Inc. announced its fourth quarter and full year 2024 financial results, highlighting a net income of $93.4 million for the full year and a significant revenue boost from its fiber and leasing segments. The company also completed a notable ABS financing transaction to strengthen its balance sheet and reduce debt costs, setting the stage for its anticipated merger with Windstream in the second half of 2025. This merger is expected to enhance Uniti’s positioning in the communications industry by leveraging synergies and expanding its fiber infrastructure capabilities.
More about Uniti Group
Uniti Group Inc. is an internally managed real estate investment trust engaged in the acquisition and construction of mission-critical communications infrastructure. The company is a leading provider of fiber and other wireless solutions for the communications industry, owning approximately 145,000 fiber route miles and 8.8 million fiber strand miles across the United States.
YTD Price Performance: -2.34%
Average Trading Volume: 1,943,905
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.32B
For a thorough assessment of UNIT stock, go to TipRanks’ Stock Analysis page.
