Zayo Group (NYSE:ZAYO)‘s stock had its “buy” rating reissued by equities researchers at Citigroup in a note issued to investors on Thursday.

Several other research analysts have also recently weighed in on ZAYO. Deutsche Bank started coverage on shares of Zayo Group in a research report on Monday, August 28th. They issued a “hold” rating on the stock. Cowen restated an “outperform” rating and issued a $45.00 price objective on shares of Zayo Group in a research report on Wednesday, August 23rd. Zacks Investment Research cut shares of Zayo Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. TheStreet cut shares of Zayo Group from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Finally, Oppenheimer restated a “buy” rating and issued a $42.00 price objective on shares of Zayo Group in a research report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $39.46.

Shares of Zayo Group (NYSE:ZAYO) traded up $0.61 on Thursday, hitting $37.07. The stock had a trading volume of 3,189,800 shares, compared to its average volume of 2,358,123. Zayo Group has a 12-month low of $29.30 and a 12-month high of $37.18. The company has a market capitalization of $9,018.95, a PE ratio of 81.02, a PEG ratio of 14.84 and a beta of 0.53. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.91 and a current ratio of 0.91.

In other Zayo Group news, CEO Daniel Caruso sold 29,114 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $34.35, for a total value of $1,000,065.90. Following the completion of the sale, the chief executive officer now owns 4,284,854 shares of the company’s stock, valued at $147,184,734.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard W. Connor sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $34.47, for a total value of $41,364.00. Following the completion of the sale, the director now directly owns 145,944 shares of the company’s stock, valued at approximately $5,030,689.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,937,348 shares of company stock valued at $176,927,529. 5.20% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Zayo Group by 1.2% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock valued at $740,000 after purchasing an additional 291 shares during the period. US Bancorp DE boosted its stake in shares of Zayo Group by 2.2% during the second quarter. US Bancorp DE now owns 14,593 shares of the technology company’s stock valued at $451,000 after purchasing an additional 308 shares during the period. Global Endowment Management LP boosted its stake in shares of Zayo Group by 8.1% during the second quarter. Global Endowment Management LP now owns 8,010 shares of the technology company’s stock valued at $247,000 after purchasing an additional 600 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Zayo Group by 9.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,018 shares of the technology company’s stock valued at $280,000 after purchasing an additional 775 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Zayo Group by 2.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,720 shares of the technology company’s stock valued at $1,289,000 after purchasing an additional 806 shares during the period. 84.11% of the stock is owned by hedge funds and other institutional investors.

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About Zayo Group

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 (NYSE:ZAYO)

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