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BidaskClub downgraded Zayo Group Holdings Inc (NYSE:ZAYO) to Strong Sell in a statement released earlier today.

Yesterday Zayo Group Holdings Inc (NYSE:ZAYO) traded -1.02% lower at $30.32. ZAYO’s 50-day average is $31.76 and its two hundred day average is $32.27. With the last close down 4.80% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the date range. Trade Volume was down over the average, with 1,957,694 shares of ZAYO changing hands under the typical 2,042,960

BidaskClub has downgraded Zayo Group Holdings Inc (NYSE:ZAYO) to Strong Sell in a statement released on Saturday July 08, 2017.

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Zayo Group Holdings Inc (NYSE:ZAYO)

With a market cap of $0, Zayo Group Holdings Inc has 52 week low of $27.74 and a 52 week high of $35.65 with a PE ratio of 260.15 .

A total of 13 brokerages have issued a ratings update on the company. 7 firms rating the stock a strong buy, 8 brokers rating the stock a buy, 0 brokers rating the stock a hold, one equity analyst rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $31.62.

More About Zayo Group Holdings Inc (NYSE:ZAYO)

Zayo Group Holdings, Inc. provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other. Its 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 March 1, 2017, the Company operated 8,100 route miles of long haul fiber and 4,000 miles of dense metro fiber across Denver, Minneapolis, Phoenix, Portland, Seattle, Sacramento, San Francisco, San Jose, Salt Lake City, Spokane and Boise, with on-net connectivity to over 3,100 enterprise buildings and 100 data centers.

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