Price Target Update on Zayo Group Holdings (NYSE:ZAYO)

Zayo Group Holdings (NYSE:ZAYO) : Currently there are 10 street experts covering Zayo Group Holdings (NYSE:ZAYO) stock. The most bullish and bearish price target for the stock is $42 and $20 respectively for the short term. The average price target of all the analysts comes to $31.4. The estimated standard deviation from the target is $5.8.

Other Equity analysts have also commented on the company shares. BTIG Research upgrades their rating on the shares of Zayo Group Holdings (NYSE:ZAYO). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm announces the price target to $31 per share. The rating by the firm was issued on April 20, 2016.

Zayo Group Holdings (NYSE:ZAYO): stock turned positive on Thursday. Though the stock opened at $27.4, the bulls momentum made the stock top out at $28.005 level for the day. The stock recorded a low of $27.29 and closed the trading day at $27.9, in the green by 2.20%. The total traded volume for the day was 1,818,160. The stock had closed at $27.3 in the previous days trading.

The company shares have dropped -1.83% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $29.62 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $27.38 and the 200 Day Moving Average price is recorded at $25.54. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Zayo Group Holdings, Inc., Connor Richard W. had sold 15,000 shares worth of $405,750 in a transaction dated June 15, 2016. In this transaction, 15,000 shares were sold at $27.05 per share.

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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