UNITE Group (OTCMKTS:UTGPF) Rating Increased to Hold at Zacks Research

Key Points

• Zacks Research upgraded UNITE Group to a "Hold" while Barclays recently downgraded the stock from "Strong Buy" to "Hold"; analysts' consensus remains a Moderate Buy (1 Strong Buy, 1 Buy, 3 Hold).
• Shares opened at $6.45 with 50/200‑day moving averages of $6.87/$7.39 and a 12‑month range of $6.08–$11.90; the company reports a debt‑to‑equity of 0.27 and current/quick ratios of 0.75.
• Unite Students is the UK's largest purpose‑built student accommodation owner/operator, housing about 76,000 students across 177 properties in 27 university towns and cities after its £1.4bn Liberty Living acquisition.

UNITE Group (OTCMKTS:UTGPF - Get Free Report) was upgraded by stock analysts at Zacks Research to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Separately, Barclays downgraded UNITE Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, UNITE Group currently has a consensus rating of "Moderate Buy".

Get UNITE Group SMS alerts:

Sign Up

UNITE Group Stock Performance

Shares of OTCMKTS:UTGPF opened at $6.45 on Tuesday. The business has a 50 day moving average price of $6.87 and a 200 day moving average price of $7.39. UNITE Group has a twelve month low of $6.08 and a twelve month high of $11.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75.

About UNITE Group

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us and to be the most trusted brand in the sector.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.