RBC Capital recorded Zayo Group Holdings (NYSE:ZAYO), bumping its target to $38.00 earlier today
- Updated: November 30, 2016
Just yesterday Zayo Group Holdings (NYSE:ZAYO) traded 0.74% higher at $34.50. Zayo Group Holdings’s 50-day moving average is $32.55 and its 200-day moving average is $29.55. The last closing price is up 18.35% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. 2,570,882 shares of the stock were exchanged, down from an average trading volume of 3,003,700
RBC Capital raised the target price of Zayo Group Holdings (NYSE:ZAYO) to $38.00 indicating a possible upside of 0.10%.
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Zayo Group Holdings has a with a one year low of $19.59 and a one year high of $35.65 ZAYO’s total market value is presently $0.
A total of 13 firms have reported on the stock. 7 brokerages rating the stock a strong buy, 8 brokerages rating the company a buy, zero equity analysts rating the company a hold, one analyst rating the company a underperform, and finally zero firms rating the stock a sell with a consensus target price of $31.62.
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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