Analyst Price Target Update on Zayo Group Holdings (NYSE:ZAYO)

Zayo Group Holdings (NYSE:ZAYO): 9 Analyst have given the stock of Zayo Group Holdings (NYSE:ZAYO) a near short term price target of $32.67. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $4.44. The higher price target estimate is at $42 while the lower price estimates are fixed at $26.

Many analysts have stated their opinion on the company shares. Major Brokerage house, BTIG Research upgrades its ratings on Zayo Group Holdings (NYSE:ZAYO). In the latest research report, BTIG Research announces the target price to $31 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 20, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The director of Zayo Group Holdings, Inc., Rottenberg Linda sold 538 shares at $28.03 on June 10, 2016. The Insider selling transaction had a total value worth of $15,080. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Zayo Group Holdings (NYSE:ZAYO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.31 points or 1.13% at $27.09 with 1,590,300 shares getting traded. Post opening the session at $27.38, the shares hit an intraday low of $27.06 and an intraday high of $27.82 and the price was in this range throughout the day. The company has a market cap of $6,562 million and the number of outstanding shares have been calculated to be 242,228,910 shares. The 52-week high of Zayo Group Holdings (NYSE:ZAYO) is $29.62 and the 52-week low is $19.59.

Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Companys products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure, and cloud and connectivity. It operates through three segments: Physical Infrastructure, Cloud and Connectivity, and Other. Its bandwidth infrastructure assets consist of fiber networks, the optronic equipment used to provide its lit services over its fiber networks, and its datacenters where it provides colocation and interconnection services. The Company, through metro fiber networks, provides bandwidth infrastructure services within the metro markets that it serves. The Company, through regional fiber networks, provides bandwidth infrastructure services between the metro markets that it serves.

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