Brokerage Firm Rating Update on Zayo Group Holdings (ZAYO)

Zayo Group Holdings (ZAYO) : The consensus on Zayo Group Holdings (ZAYO) based on 13 analyst recommendation on the company stock is 1.85, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Zayo Group Holdings (ZAYO) stock is expected to deviate a maximum of $6.67 from the average target price of $31.86 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $42 and the most muted being $20.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Oppenheimer maintains its rating on Zayo Group Holdings (NYSE:ZAYO).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Oppenheimer raises the new price target from $32 per share to $35 per share. The rating by the firm was issued on August 30, 2016.

Zayo Group Holdings (NYSE:ZAYO): The stock opened at $29.72 and touched an intraday high of $30.08 on Wednesday. During the day, the stock corrected to an intraday low of $29.64, however, the bulls stepped in and pushed the price higher to close in the green at $30.04 with a gain of 0.77% for the day. The total traded volume for the day was 3,104,336. The stock had closed at $29.81 in the previous trading session.

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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