Shares of Zayo Group Holdings Inc (NYSE:ZAYO) have been given an average recommendation of “Hold” by the twenty-three analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $38.50.

A number of research firms have recently weighed in on ZAYO. UBS Group began coverage on Zayo Group in a report on Tuesday, October 17th. They issued a “buy” rating on the stock. Cowen restated a “buy” rating on shares of Zayo Group in a report on Friday, November 10th. TheStreet upgraded Zayo Group from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. BidaskClub upgraded Zayo Group from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Finally, Deutsche Bank began coverage on Zayo Group in a report on Monday, August 28th. They set a “hold” rating on the stock.

In other Zayo Group news, COO Andrew Crouch sold 22,803 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total value of $777,582.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 4,908,234 shares of company stock worth $175,927,463 over the last quarter. 5.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. grew its position in shares of Zayo Group by 2,600.0% in the third 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 in the last quarter. Mutual of America Capital Management LLC purchased a new position in Zayo Group during the second quarter worth about $142,000. Rehmann Capital Advisory Group purchased a new position in Zayo Group during the third quarter worth about $212,000. Cadence Capital Management LLC purchased a new position in Zayo Group during the third quarter worth about $232,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Zayo Group during the third quarter worth about $235,000. Institutional investors own 84.07% of the company’s stock.

Zayo Group (NYSE:ZAYO) traded down $0.05 during mid-day trading on Monday, hitting $36.00. The stock had a trading volume of 1,064,306 shares, compared to its average volume of 2,281,668. Zayo Group has a 52 week low of $29.30 and a 52 week high of $37.26. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $8,917.53, a price-to-earnings ratio of 80.11, a PEG ratio of 14.67 and a beta of 0.53.

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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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