Zayo Group Holdings, Inc. (NYSE:ZAYO) Now Covered by Analysts at UBS AG

Analysts at UBS AG started coverage on shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) in a research note issued on Tuesday, October 17th, The Fly reports. The brokerage set a “buy” rating on the technology company’s stock.

ZAYO has been the topic of a number of other research reports. Zacks Investment Research cut Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Cowen and Company restated a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. Deutsche Bank AG started coverage on Zayo Group Holdings in a research note on Monday, August 28th. They issued a “hold” rating on the stock. Finally, BidaskClub lowered Zayo Group Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. Zayo Group Holdings presently has an average rating of “Hold” and an average price target of $38.46.

Shares of Zayo Group Holdings (ZAYO) remained flat at $$34.40 during midday trading on Tuesday. 1,545,651 shares of the stock traded hands, compared to its average volume of 1,685,047. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 3.99. The firm has a market capitalization of $8,479.18, a P/E ratio of 86.00, a PEG ratio of 11.60 and a beta of 0.56.

Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The company had revenue of $638.00 million during the quarter, compared to the consensus estimate of $642.67 million. During the same quarter in the previous year, the business posted ($0.13) EPS. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. research analysts anticipate that Zayo Group Holdings will post 0.59 EPS for the current year.

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In other news, COO Andrew Crouch sold 22,803 shares of Zayo Group Holdings stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total transaction of $777,582.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John F. Jr. Waters sold 9,512 shares of Zayo Group Holdings stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $34.10, for a total value of $324,359.20. The disclosure for this sale can be found here. Insiders have sold 5,271,311 shares of company stock worth $180,967,923 over the last three months. Insiders own 5.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ZAYO. BlackRock Inc. raised its position in shares of Zayo Group Holdings by 5,686.4% during the first quarter. BlackRock Inc. now owns 9,393,691 shares of the technology company’s stock worth $309,054,000 after acquiring an additional 9,231,349 shares during the last quarter. Carmignac Gestion bought a new position in shares of Zayo Group Holdings during the second quarter worth about $150,427,000. Neuberger Berman Group LLC raised its position in shares of Zayo Group Holdings by 43,789.5% during the second quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock worth $83,677,000 after acquiring an additional 2,701,815 shares during the last quarter. USS Investment Management Ltd bought a new position in shares of Zayo Group Holdings during the second quarter worth about $63,335,000. Finally, Vanguard Group Inc. raised its position in shares of Zayo Group Holdings by 12.7% during the first quarter. Vanguard Group Inc. now owns 12,658,989 shares of the technology company’s stock worth $416,480,000 after acquiring an additional 1,428,585 shares during the last quarter. Institutional investors own 78.62% 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.

The Fly

Analyst Recommendations for Zayo Group Holdings (NYSE:ZAYO)

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