Zayo Group Holdings (NYSE:ZAYO) : 12 analysts are covering Zayo Group Holdings (NYSE:ZAYO) and their average rating on the stock is 1.58, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Zayo Group Holdings (NYSE:ZAYO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Zayo Group Holdings (NYSE:ZAYO) : The highest short term price target forecast on Zayo Group Holdings (NYSE:ZAYO) is $42 and the lowest target price is $20. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $31.4 with a standard deviation of $5.8.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm BTIG Research upgrades its rating on Zayo Group Holdings (NYSE:ZAYO). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at BTIG Research announces a current price target of $31 per share. The rating by the firm was issued on April 20, 2016.
Zayo Group Holdings (NYSE:ZAYO): stock turned positive on Tuesday. Though the stock opened at $26.64, the bulls momentum made the stock top out at $27.03 level for the day. The stock recorded a low of $26.45 and closed the trading day at $26.89, in the green by 1.93%. The total traded volume for the day was 1,124,508. The stock had closed at $26.38 in the previous days trading.
In an insider trading activity, Desgarennes Kenneth, officer (Chief Financial Officer) of Zayo Group Holdings, Inc., unloaded 62,500 shares at an average price of $27.31 on June 22, 2016. The total amount of the transaction was worth $1,706,875, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.