Zayo Group Holdings Inc (NYSE:ZAYO) has earned a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $34.32.

Several research analysts recently issued reports on the company. William Blair cut Zayo Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 9th. Cowen cut Zayo Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $37.00 to $35.00 in a research note on Wednesday, May 15th. SunTrust Banks cut Zayo Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Royal Bank of Canada cut Zayo Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $33.00 to $35.00 in a research note on Wednesday, May 8th. Finally, Moffett Nathanson cut Zayo Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th.

ZAYO opened at $33.00 on Friday. The company has a market capitalization of $7.77 billion, a PE ratio of 54.10, a price-to-earnings-growth ratio of 13.31 and a beta of 0.82. The company’s 50 day simple moving average is $32.71. Zayo Group has a one year low of $20.27 and a one year high of $39.66. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.83 and a current ratio of 0.83.

Zayo Group (NYSE:ZAYO) last released its earnings results on Wednesday, May 8th. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The business had revenue of $647.20 million for the quarter, compared to the consensus estimate of $639.98 million. Zayo Group had a net margin of 5.06% and a return on equity of 9.56%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. As a group, sell-side analysts expect that Zayo Group will post 0.5 EPS for the current year.

In other Zayo Group news, CEO Daniel Caruso sold 655,585 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $32.76, for a total transaction of $21,476,964.60. Following the completion of the sale, the chief executive officer now owns 380,547 shares in the company, valued at $12,466,719.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sandra Mays sold 2,745 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $28.04, for a total value of $76,969.80. Following the sale, the insider now owns 47,395 shares of the company’s stock, valued at approximately $1,328,955.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,420,034 shares of company stock worth $46,425,804. 4.50% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of Zayo Group by 20.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 65,656 shares of the technology company’s stock valued at $1,866,000 after purchasing an additional 10,962 shares during the last quarter. Comerica Bank raised its stake in Zayo Group by 426.2% in the 4th quarter. Comerica Bank now owns 52,200 shares of the technology company’s stock worth $1,424,000 after acquiring an additional 42,280 shares during the last quarter. Two Sigma Advisers LP raised its stake in Zayo Group by 5.5% in the 4th quarter. Two Sigma Advisers LP now owns 798,800 shares of the technology company’s stock worth $18,245,000 after acquiring an additional 41,896 shares during the last quarter. Quinn Opportunity Partners LLC purchased a new position in Zayo Group in the 4th quarter worth $1,660,000. Finally, Keeley Teton Advisors LLC purchased a new position in Zayo Group in the 1st quarter worth $913,000. Institutional investors own 92.66% of the company’s stock.

About Zayo Group

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

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Analyst Recommendations for Zayo Group (NYSE:ZAYO)

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