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Zacks Investment Research downgraded Zayo Group Holdings Inc (NYSE:ZAYO) to Hold in a report released today.

Zacks Investment Research has downgraded Zayo Group Holdings Inc (NYSE:ZAYO) to Hold in a report released on 11/30/2016.

Previously on 02/16/2016, JP Morgan reported on Zayo Group Holdings Inc (NYSE:ZAYO) reduced the target price from $35.00 to $29.00. At the time, this indicated a possible upside of 0.26%.

Yesterday Zayo Group Holdings Inc (NYSE:ZAYO) traded 0.74% higher at $34.98. The company’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% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 2,570,882 shares of the stock traded hands, down from an average trading volume of 3,003,700

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Zayo Group Holdings Inc (NYSE:ZAYO)

Zayo Group Holdings Inc has a 52 week low of $19.59 and a 52 week high of $35.65 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 13 brokers have issued a report on the company. The average stock price target is $31.62 with 7 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 0 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Zayo Group Holdings Inc (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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