Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) have been assigned an average recommendation of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $38.09.

A number of research firms have commented on ZAYO. BidaskClub lowered shares of Zayo Group Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Cowen and Company reaffirmed a “buy” rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) lowered shares of Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a report on Friday, May 19th. William Blair reaffirmed an “ourperform” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Finally, Zacks Investment Research lowered shares of Zayo Group Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.

In other Zayo Group Holdings news, COO Andrew Crouch sold 18,236 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $30.18, for a total transaction of $550,362.48. Following the sale, the chief operating officer now directly owns 29,386 shares of the company’s stock, valued at approximately $886,869.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John F. Jr. Waters sold 9,220 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $30.18, for a total transaction of $278,259.60. Following the sale, the insider now directly owns 41,586 shares in the company, valued at $1,255,065.48. The disclosure for this sale can be found here. Insiders have sold a total of 882,516 shares of company stock worth $28,761,747 over the last three months. Insiders own 5.80% of the company’s stock.

A number of large investors have recently modified their holdings of ZAYO. Russell Investments Group Ltd. lifted its position in Zayo Group Holdings by 323.3% during the 1st quarter. Russell Investments Group Ltd. now owns 130,946 shares of the technology company’s stock worth $4,308,000 after buying an additional 100,011 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Zayo Group Holdings by 22.3% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,585 shares of the technology company’s stock valued at $414,000 after purchasing an additional 2,296 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Zayo Group Holdings in the 1st quarter valued at about $212,000. Tyers Asset Management LLC raised its holdings in shares of Zayo Group Holdings by 113.6% in the 1st quarter. Tyers Asset Management LLC now owns 9,688 shares of the technology company’s stock valued at $319,000 after purchasing an additional 5,152 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Zayo Group Holdings by 7.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 473,618 shares of the technology company’s stock valued at $15,582,000 after purchasing an additional 32,296 shares during the period. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Brokerages Set Zayo Group Holdings, Inc. (ZAYO) PT at $38.09” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/12/brokerages-set-zayo-group-holdings-inc-zayo-pt-at-38-09.html.

Shares of Zayo Group Holdings (NYSE:ZAYO) traded up 0.29% during trading on Friday, reaching $34.69. The company’s stock had a trading volume of 1,582,770 shares. The company’s 50-day moving average is $33.49 and its 200-day moving average is $32.66. The company has a market capitalization of $8.55 billion, a P/E ratio of 99.11 and a beta of 0.55. Zayo Group Holdings has a 12 month low of $28.15 and a 12 month high of $35.65.

Zayo Group Holdings (NYSE:ZAYO) last released its earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The business had revenue of $638.00 million for the quarter, compared to analyst estimates of $642.67 million. During the same period in the prior year, the firm posted ($0.13) EPS. Zayo Group Holdings’s revenue was up 25.8% on a year-over-year basis. On average, analysts forecast that Zayo Group Holdings will post $0.59 EPS for the current fiscal year.

About Zayo Group Holdings

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

Analyst Recommendations for Zayo Group Holdings (NYSE:ZAYO)

Receive News & Stock Ratings for Zayo Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group Holdings Inc. and related stocks with our FREE daily email newsletter.