A statement released earlier today by FBR & Co. about Zayo Group Holdings (NYSE:ZAYO) drops the target price to $25.00
- Updated: February 11, 2017
Displaying a price of $30.79, Zayo Group Holdings (NYSE:ZAYO) traded 1.82% higher on the day. The last stock price is down 0.42% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same period. Zayo Group Holdings has recorded a 50-day average of $31.82 and a two hundred day average of $31.22. Volume of trade was up over the average, with 5,766,072 shares of ZAYO changing hands over the typical 3,065,740
In a report released on 2/10/2017 FBR & Co. reduced the stock price target of Zayo Group Holdings (NYSE:ZAYO) from $30.00 to $25.00 reporting a potential downside of -0.19%.
With a total market value of $0, Zayo Group Holdings has with a one year low of $22.02 and a one year high of $35.65 .
A total of 13 equity analysts have released a ratings update on ZAYO. Seven equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, zero equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $31.62.
Brief Synopsis About Zayo Group Holdings (NYSE:ZAYO)
Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States, Canada and Europe. The Company operates in five segments, including Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, wavelength connections, Ethernet, Internet Protocol (IP) connectivity and cloud services. Its products and services enable high-bandwidth applications, such as cloud-based computing, video, mobile, social media and machine-to-machine connectivity. As of June 30, 2016 the Company owned fiber networks in 300 metro markets, including metro areas, such as New York, Chicago, San Francisco, Paris, and London, as well as smaller metro areas, such as Allentown, Pennsylvania, Fargo, North Dakota, and Spokane, Washington. The Company also provides its network-neutral colocation and interconnection services utilizing its own data centers.
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