Zayo Group (NYSE:ZAYO)‘s stock had its “buy” rating reissued by stock analysts at Barclays in a research report issued to clients and investors on Friday. They currently have a $41.00 target price on the technology company’s stock. Barclays’ price objective points to a potential upside of 15.07% from the stock’s current price.

Other research analysts also recently issued reports about the company. Moffett Nathanson reaffirmed a “neutral” rating and set a $39.00 target price (up from $34.00) on shares of Zayo Group in a research note on Thursday, September 28th. KeyCorp reaffirmed a “hold” rating on shares of Zayo Group in a research note on Wednesday, October 11th. Citigroup reaffirmed a “buy” rating on shares of Zayo Group in a research note on Thursday, December 14th. BidaskClub downgraded Zayo Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $42.00 target price on shares of Zayo Group in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Zayo Group presently has an average rating of “Hold” and an average price target of $39.50.

Zayo Group (NYSE ZAYO) opened at $35.63 on Friday. Zayo Group has a twelve month low of $29.73 and a twelve month high of $37.26. The stock has a market capitalization of $9,048.63, a P/E ratio of 81.29, a price-to-earnings-growth ratio of 14.89 and a beta of 0.53. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91.

Zayo Group (NYSE:ZAYO) last announced its quarterly earnings results on Monday, November 6th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Zayo Group had a net margin of 3.99% and a return on equity of 8.01%. equities research analysts predict that Zayo Group will post 0.49 EPS for the current fiscal year.

In related news, major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $35.90, for a total value of $168,730,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emily White acquired 43,095 shares of Zayo Group stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $34.99 per share, with a total value of $1,507,894.05. Following the completion of the purchase, the director now owns 3,906 shares in the company, valued at approximately $136,670.94. The disclosure for this purchase can be found here. Over the last three months, insiders sold 4,851,194 shares of company stock valued at $174,198,778. 5.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Endowment Management LP raised its stake in Zayo Group by 8.1% in the 2nd quarter. Global Endowment Management LP now owns 8,010 shares of the technology company’s stock valued at $247,000 after purchasing an additional 600 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Zayo Group by 9.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,018 shares of the technology company’s stock valued at $280,000 after buying an additional 775 shares in the last quarter. Navellier & Associates Inc grew its holdings in Zayo Group by 9.7% in the 2nd quarter. Navellier & Associates Inc now owns 14,261 shares of the technology company’s stock valued at $441,000 after buying an additional 1,262 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Zayo Group by 2.6% in the 2nd quarter. Macquarie Group Ltd. now owns 59,400 shares of the technology company’s stock valued at $1,835,000 after buying an additional 1,500 shares in the last quarter. Finally, Comerica Bank grew its holdings in Zayo Group by 23.1% in the 2nd quarter. Comerica Bank now owns 8,248 shares of the technology company’s stock valued at $266,000 after buying an additional 1,546 shares in the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

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Zayo Group Company Profile

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 (NYSE:ZAYO)

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