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.
Zayo Group Holdings (ZAYO) has an average broker rating of 1.85, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Also, Brokerage firm Stephens & Co. downgrades its rating on Zayo Group Holdings (NYSE:ZAYO). The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on August 26, 2016.
Zayo Group Holdings (NYSE:ZAYO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.10 and $28.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.09, notching a gain of 0.28% for the day. The total traded volume was 3,371,195 . The stock had closed at $29.01 on the previous day.
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.