Zayo Group Holdings, Inc. (ZAYO) Raised to “B-” at TheStreet

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

ZAYO has been the subject of a number of other reports. UBS AG assumed coverage on shares of Zayo Group Holdings in a report on Tuesday. They issued a buy rating for the company. Zacks Investment Research lowered shares of Zayo Group Holdings from a hold rating to a sell rating in a report on Thursday, July 13th. Stifel Nicolaus restated a buy rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Cowen and Company restated a buy rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Finally, Deutsche Bank AG assumed 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 given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $38.50.

Zayo Group Holdings (NYSE:ZAYO) opened at 36.06 on Tuesday. The firm has a market capitalization of $8.89 billion, a PE ratio of 103.03 and a beta of 0.55. Zayo Group Holdings has a 52-week low of $29.30 and a 52-week high of $36.77. The company’s 50-day moving average is $34.69 and its 200-day moving average is $33.13.

Zayo Group Holdings (NYSE:ZAYO) last announced its earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company 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%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. Analysts forecast that Zayo Group Holdings will post $0.61 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Zayo Group Holdings, Inc. (ZAYO) Raised to “B-” at TheStreet” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/20/zayo-group-holdings-inc-zayo-raised-to-b-at-thestreet.html.

In related news, CFO Kenneth Desgarennes sold 38,885 shares of Zayo Group Holdings stock in a transaction on Monday, July 24th. The shares were sold at an average price of $32.37, for a total value of $1,258,707.45. Following the transaction, the chief financial officer now directly owns 1,047,687 shares of the company’s stock, valued at $33,913,628.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel Caruso sold 154,402 shares of Zayo Group Holdings stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $32.38, for a total transaction of $4,999,536.76. Following the completion of the transaction, the chief executive officer now directly owns 4,608,165 shares in the company, valued at $149,212,382.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,617,498 shares of company stock worth $192,225,997. 5.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. increased its stake in shares of Zayo Group Holdings by 0.7% in the second quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock worth $478,000 after buying an additional 111 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Zayo Group Holdings by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock worth $230,000 after buying an additional 122 shares during the period. Comerica Bank increased its stake in shares of Zayo Group Holdings by 3.7% in the first quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock worth $233,000 after buying an additional 238 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Zayo Group Holdings by 1.2% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock valued at $740,000 after purchasing an additional 291 shares during the period. Finally, US Bancorp DE increased its position in Zayo Group Holdings by 2.2% during the 2nd quarter. US Bancorp DE now owns 14,593 shares of the technology company’s stock valued a

ZAYO has been the subject of a number of other reports. UBS AG assumed coverage on shares of Zayo Group Holdings in a report on Tuesday. They issued a buy rating for the company. Zacks Investment Research lowered shares of Zayo Group Holdings from a hold rating to a sell rating in a report on Thursday, July 13th. Stifel Nicolaus restated a buy rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Cowen and Company restated a buy rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Finally, Deutsche Bank AG assumed 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 given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $38.50.

Zayo Group Holdings (NYSE:ZAYO) opened at 36.06 on Tuesday. The firm has a market capitalization of $8.89 billion, a PE ratio of 103.03 and a beta of 0.55. Zayo Group Holdings has a 52-week low of $29.30 and a 52-week high of $36.77. The company’s 50-day moving average is $34.69 and its 200-day moving average is $33.13.

Zayo Group Holdings (NYSE:ZAYO) last announced its earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company 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%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. Analysts forecast that Zayo Group Holdings will post $0.61 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Zayo Group Holdings, Inc. (ZAYO) Raised to “B-” at TheStreet” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/20/zayo-group-holdings-inc-zayo-raised-to-b-at-thestreet.html.

In related news, CFO Kenneth Desgarennes sold 38,885 shares of Zayo Group Holdings stock in a transaction on Monday, July 24th. The shares were sold at an average price of $32.37, for a total value of $1,258,707.45. Following the transaction, the chief financial officer now directly owns 1,047,687 shares of the company’s stock, valued at $33,913,628.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel Caruso sold 154,402 shares of Zayo Group Holdings stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $32.38, for a total transaction of $4,999,536.76. Following the completion of the transaction, the chief executive officer now directly owns 4,608,165 shares in the company, valued at $149,212,382.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,617,498 shares of company stock worth $192,225,997. 5.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. increased its stake in shares of Zayo Group Holdings by 0.7% in the second quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock worth $478,000 after buying an additional 111 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Zayo Group Holdings by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock worth $230,000 after buying an additional 122 shares during the period. Comerica Bank increased its stake in shares of Zayo Group Holdings by 3.7% in the first quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock worth $233,000 after buying an additional 238 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Zayo Group Holdings by 1.2% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock valued at $740,000 after purchasing an additional 291 shares during the period. Finally, US Bancorp DE increased its position in Zayo Group Holdings by 2.2% during the 2nd quarter. US Bancorp DE now owns 14,593 shares of the technology company’s stock valued at $451,000 after purchasing an additional 308 shares during the period. 78.91% 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.

Analyst Recommendations for Zayo Group Holdings (NYSE:ZAYO)

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