Zayo Group Holdings (ZAYO): Price Target and June Short Interest Disclosure

Zayo Group Holdings (ZAYO) : The highest level Zayo Group Holdings (ZAYO) is projected to reach is $42 for the short term and the lowest estimate is at $20. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $30.89 and the possibility the share price can swing is $5.9.

Zayo Group Holdings (ZAYO) has seen a rise of 128,997 shares or 3% in the short interest. The remaining shorts are 4.3% of the total floated shares. The net short interest, as on June 30,2016, stood at 4,474,286 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 1,600,030 shares. On June 15,2016, 4,345,289 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, BTIG Research upgrades its view on Zayo Group Holdings (NYSE:ZAYO) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. BTIG Research announces the current price target of $31 per share on Zayo Group Holdings . The rating by the firm was issued on April 20, 2016.


Zayo Group Holdings (NYSE:ZAYO): On Thursdays trading session , Opening price of the stock was $28.94 with an intraday high of $28.955. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.47. However, the stock managed to close at $28.64, a loss of 0.52% for the day. On the previous day, the stock had closed at $28.79. The total traded volume of the day was 2,936,030 shares.

Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Companys products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure, and cloud and connectivity. It operates through three segments: Physical Infrastructure, Cloud and Connectivity, and Other. Its bandwidth infrastructure assets consist of fiber networks, the optronic equipment used to provide its lit services over its fiber networks, and its datacenters where it provides colocation and interconnection services. The Company, through metro fiber networks, provides bandwidth infrastructure services within the metro markets that it serves. The Company, through regional fiber networks, provides bandwidth infrastructure services between the metro markets that it serves.

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