Zayo Group Holdings (ZAYO) Shares are Up 1%

Zayo Group Holdings (ZAYO) : Traders are bullish on Zayo Group Holdings (ZAYO) as it has outperformed the S&P 500 by a wide margin of 3.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.47%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1% in the last 1 week, and is up 1.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.34% and the 50-Day Moving Average is 1.39%.The 200 Day SMA reached 10.59% Zayo Group Holdings, Inc. is up 8.34% in the last 3-month period. Year-to-Date the stock performance stands at 9.89%.


Zayo Group Holdings (ZAYO) : Average target price received by Zayo Group Holdings (ZAYO) is $31.86 with an expected standard deviation of $6.67. The most aggressive target on the stock is $42, whereas the most downbeat target is $20. 7 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Zayo Group Holdings (NYSE:ZAYO): The stock opened at $28.83 and touched an intraday high of $29.25 on Friday. During the day, the stock corrected to an intraday low of $28.73, however, the bulls stepped in and pushed the price higher to close in the green at $29.22 with a gain of 1.21% for the day. The total traded volume for the day was 4,630,274. The stock had closed at $29.22 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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