Zayo Group’s (ZAYO) “Buy” Rating Reaffirmed at Citigroup

Zayo Group (NYSE:ZAYO)‘s stock had its “buy” rating reissued by analysts at Citigroup in a report released on Thursday.

Other research analysts have also recently issued reports about the stock. Deutsche Bank assumed coverage on shares of Zayo Group in a research report on Monday, August 28th. They set a “hold” rating on the stock. Cowen reiterated an “outperform” rating and set a $45.00 price target on shares of Zayo Group in a research report on Wednesday, August 23rd. Zacks Investment Research cut shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. TheStreet cut shares of Zayo Group from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Finally, Oppenheimer reiterated a “buy” rating and set a $42.00 price target on shares of Zayo Group in a research report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Zayo Group currently has an average rating of “Hold” and a consensus target price of $39.46.

Zayo Group (ZAYO) traded up $0.61 during mid-day trading on Thursday, hitting $37.07. 3,189,800 shares of the company traded hands, compared to its average volume of 2,358,123. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $9,018.95, a PE ratio of 81.02, a price-to-earnings-growth ratio of 14.84 and a beta of 0.53. Zayo Group has a one year low of $29.30 and a one year high of $37.18.

In other news, CEO Daniel Caruso sold 115,273 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $34.70, for a total transaction of $3,999,973.10. Following the completion of the sale, the chief executive officer now owns 4,343,965 shares of the company’s stock, valued at $150,735,585.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were 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. In the last three months, insiders have sold 4,937,348 shares of company stock valued at $176,927,529. Insiders own 5.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Zayo Group by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock worth $740,000 after acquiring an additional 291 shares during the period. US Bancorp DE lifted its stake in Zayo Group by 2.2% in the second quarter. US Bancorp DE now owns 14,593 shares of the technology company’s stock worth $451,000 after acquiring an additional 308 shares during the period. Global Endowment Management LP lifted its stake in Zayo Group by 8.1% in the second quarter. Global Endowment Management LP now owns 8,010 shares of the technology company’s stock worth $247,000 after acquiring an additional 600 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Zayo Group by 9.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,018 shares of the technology company’s stock worth $280,000 after acquiring an additional 775 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Zayo Group by 2.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,720 shares of the technology company’s stock worth $1,289,000 after acquiring an additional 806 shares during the period. 84.11% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3094520/zayo-groups-zayo-buy-rating-reaffirmed-at-citigroup.html.

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)

Receive News & Ratings for Zayo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.