TheStreet upgraded shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) from a c rating to a b- rating in a report issued on Tuesday.

A number of other equities analysts have also commented on the stock. Barclays PLC lifted their price target on shares of Zayo Group Holdings from $36.00 to $40.00 and gave the company an overweight rating in a research report on Wednesday. Oppenheimer Holdings, Inc. restated a buy rating and issued a $42.00 price objective on shares of Zayo Group Holdings in a research note on Wednesday, September 13th. KeyCorp reiterated a hold rating on shares of Zayo Group Holdings in a research note on Wednesday, October 11th. UBS AG assumed coverage on shares of Zayo Group Holdings in a research note on Tuesday. They set a buy rating on the stock. Finally, Moffett Nathanson reiterated a neutral rating and set a $39.00 price target (up previously from $34.00) on shares of Zayo Group Holdings in a research note on Thursday, September 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $38.50.

Shares of Zayo Group Holdings (NYSE:ZAYO) traded up 0.39% during trading on Tuesday, reaching $35.61. 476,007 shares of the company traded hands. Zayo Group Holdings has a 12 month low of $29.30 and a 12 month high of $35.68. The firm has a market capitalization of $8.78 billion, a PE ratio of 101.74 and a beta of 0.55. The firm has a 50-day moving average price of $34.63 and a 200-day moving average price of $33.11.

Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). The business had revenue of $638.00 million for the quarter, compared to the consensus estimate of $642.67 million. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. Zayo Group Holdings’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.13) EPS. Equities research analysts anticipate that Zayo Group Holdings will post $0.61 EPS for the current year.

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In other news, CFO Matt Steinfort sold 812 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $34.95, for a total transaction of $28,379.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew Crouch sold 22,803 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total value of $777,582.30. The disclosure for this sale can be found here. Insiders have sold a total of 5,617,498 shares of company stock valued at $192,225,997 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Zayo Group Holdings by 10.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 522,662 shares of the technology company’s stock worth $16,150,000 after buying an additional 49,044 shares during the period. State of Wisconsin Investment Board grew its position in shares of Zayo Group Holdings by 38.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 209,641 shares of the technology company’s stock worth $6,478,000 after buying an additional 58,230 shares during the period. Cibc World Markets Corp acquired a new position in shares of Zayo Group Holdings during the 2nd quarter worth about $16,995,000. Prudential Financial Inc. grew its position in shares of Zayo Group Holdings by 13.0% during the 1st quarter. Prudential Financial Inc. now owns 9,600 shares of the technology company’s stock worth $316,000 after buying an additional 1,102 shares during the period. Finally, Xact Kapitalforvaltning AB grew its position in shares of Zayo Group Holdings by 19.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,758 shares of the technology company’s stock worth $518,000 after buying an additional 2,749 shares during the period. Institutional investors own 78.91% of the company’s stock.

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)

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