TheStreet Downgrades Zayo Group Holdings, Inc. (ZAYO) to C+
Zayo Group Holdings, Inc. (NYSE:ZAYO) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Monday.
A number of other analysts also recently weighed in on ZAYO. BidaskClub raised shares of Zayo Group Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company reissued a “buy” rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. William Blair reissued an “ourperform” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Finally, Deutsche Bank AG initiated coverage on shares of Zayo Group Holdings in a report on Monday, August 28th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Zayo Group Holdings has an average rating of “Hold” and an average target price of $38.46.
Zayo Group Holdings (ZAYO) traded up $0.38 during midday trading on Monday, hitting $34.37. 1,717,300 shares of the company traded hands, compared to its average volume of 2,354,831. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group Holdings has a fifty-two week low of $29.30 and a fifty-two week high of $36.79. The company has a market cap of $8,406.72, a P/E ratio of 75.52, a P/E/G ratio of 13.83 and a beta of 0.56.
Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.99% and a return on equity of 8.01%. The company had revenue of $638.00 million during the quarter, compared to the consensus estimate of $642.67 million. During the same period last year, the company earned ($0.13) earnings per share. Zayo Group Holdings’s revenue for the quarter was up 25.8% on a year-over-year basis. sell-side analysts anticipate that Zayo Group Holdings will post 0.49 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “TheStreet Downgrades Zayo Group Holdings, Inc. (ZAYO) to C+” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/11/15/thestreet-downgrades-zayo-group-holdings-inc-zayo-to-c.html.
In other Zayo Group Holdings news, CEO Daniel Caruso sold 295,078 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $33.89, for a total value of $10,000,193.42. Following the completion of the sale, the chief executive officer now owns 4,284,854 shares in the company, valued at approximately $145,213,702.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $34.35, for a total transaction of $161,445,000.00. The disclosure for this sale can be found here. Insiders sold a total of 5,271,311 shares of company stock valued at $180,967,923 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ZAYO. Thompson Davis & CO. Inc. boosted its stake in shares of Zayo Group Holdings by 2,600.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,375 shares of the technology company’s stock valued at $116,000 after purchasing an additional 3,250 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Zayo Group Holdings in the 2nd quarter valued at about $142,000. Rehmann Capital Advisory Group bought a new position in shares of Zayo Group Holdings in the 3rd quarter valued at about $212,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Zayo Group Holdings by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock valued at $230,000 after purchasing an additional 122 shares during the last quarter. Finally, Cadence Capital Management LLC bought a new position in Zayo Group Holdings during the 3rd quarter worth approximately $232,000. 78.15% of the stock is currently owned by institutional investors.
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.
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.