Zayo Group Holdings, Inc. (NYSE:ZAYO)‘s stock had its “hold” rating reissued by research analysts at KeyCorp in a research note issued on Wednesday.

Other research analysts have also recently issued research reports about the company. Cowen and Company reaffirmed a “buy” rating on shares of Zayo Group Holdings in a research report on Friday, August 11th. BidaskClub cut Zayo Group Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. William Blair reaffirmed an “ourperform” rating on shares of Zayo Group Holdings in a research report on Tuesday, August 22nd. Zacks Investment Research cut Zayo Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Moffett Nathanson reaffirmed a “neutral” rating and set a $39.00 price target (up previously from $34.00) on shares of Zayo Group Holdings in a research report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Zayo Group Holdings has a consensus rating of “Hold” and a consensus target price of $38.36.

Zayo Group Holdings (NYSE ZAYO) traded up 1.804% on Wednesday, reaching $35.275. The company’s stock had a trading volume of 1,528,836 shares. Zayo Group Holdings has a 12 month low of $29.30 and a 12 month high of $35.65. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 100.786 and a beta of 0.55. The firm has a 50 day moving average of $34.51 and a 200 day moving average of $33.04.

Zayo Group Holdings (NYSE:ZAYO) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The firm had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $642.67 million. During the same period in the prior year, the company earned ($0.13) EPS. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. Analysts anticipate that Zayo Group Holdings will post $0.61 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Zayo Group Holdings’ (ZAYO) “Hold” Rating Reiterated at KeyCorp” was reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/12/zayo-group-holdings-zayo-hold-rating-reiterated-at-keycorp.html.

In other Zayo Group Holdings news, Director Richard W. Connor sold 1,200 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $34.47, for a total value of $41,364.00. Following the transaction, the director now directly owns 145,944 shares in the company, valued at approximately $5,030,689.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $34.35, for a total value of $161,445,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,617,498 shares of company stock worth $192,225,997. 5.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dodge & Cox increased its stake in Zayo Group Holdings by 0.6% in the 2nd quarter. Dodge & Cox now owns 16,565,828 shares of the technology company’s stock worth $511,884,000 after acquiring an additional 96,250 shares during the last quarter. Vanguard Group Inc. increased its stake in Zayo Group Holdings by 8.9% in the 2nd quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock worth $425,998,000 after acquiring an additional 1,127,326 shares during the last quarter. BlackRock Inc. increased its stake in Zayo Group Holdings by 8.7% in the 2nd quarter. BlackRock Inc. now owns 10,207,343 shares of the technology company’s stock worth $315,410,000 after acquiring an additional 813,652 shares during the last quarter. Carmignac Gestion bought a new position in Zayo Group Holdings in the 2nd quarter worth about $150,427,000. Finally, State Street Corp increased its stake in Zayo Group Holdings by 9.6% in the 2nd quarter. State Street Corp now owns 3,117,303 shares of the technology company’s stock worth $96,324,000 after acquiring an additional 272,503 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

Zayo Group Holdings Company Profile

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.

Analyst Recommendations for Zayo Group Holdings (NYSE:ZAYO)

Receive News & Ratings for Zayo Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zayo Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.