Somewhat Positive News Coverage Somewhat Unlikely to Affect Zayo Group (ZAYO) Stock Price
Headlines about Zayo Group (NYSE:ZAYO) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zayo Group earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.9696771575891 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Zacks: Analysts Anticipate Zayo Group Holdings Inc (ZAYO) Will Post Quarterly Sales of $650.06 Million (americanbankingnews.com)
- Stocks Messing With The Heads Of Investors: Zayo Group Holdings, Inc. (ZAYO), Kinder Morgan, Inc. (KMI) – Market Movers (financialqz.com)
- $0.13 Earnings Per Share Expected for Zayo Group Holdings Inc (ZAYO) This Quarter (americanbankingnews.com)
- Ad Tech Company Selects Zayo for Colocation (finance.yahoo.com)
- Zayo Group Holdings, Inc. (ZAYO) in Noticeable for Active Investors on Short/Long-Term obligations – Stock News Stop (stockmarketstop.com)
Zayo Group (ZAYO) traded down $0.20 during midday trading on Monday, hitting $36.80. The company had a trading volume of 1,423,200 shares, compared to its average volume of 2,325,662. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.91 and a current ratio of 0.91. Zayo Group has a 52-week low of $29.30 and a 52-week high of $37.26. The firm has a market cap of $9,120.00, a P/E ratio of 96.84, a price-to-earnings-growth ratio of 14.98 and a beta of 0.53.
Several brokerages have recently commented on ZAYO. Moffett Nathanson reiterated a “neutral” rating and set a $39.00 price objective (up previously from $34.00) on shares of Zayo Group in a report on Thursday, September 28th. BidaskClub lowered Zayo Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. SunTrust Banks reiterated a “buy” rating and set a $45.00 price objective on shares of Zayo Group in a report on Thursday, December 7th. TheStreet upgraded Zayo Group from a “c” rating to a “b-” rating in a report on Tuesday, October 17th. Finally, Cowen reiterated a “buy” rating on shares of Zayo Group in a report on Friday, November 10th. Two research 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 has a consensus rating of “Hold” and an average target price of $39.46.
In other Zayo Group news, COO Andrew Crouch sold 22,803 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total transaction of $777,582.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $35.90, for a total value of $168,730,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,907,034 shares of company stock worth $175,886,099. 5.20% of the stock is owned by insiders.
Zayo Group 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.
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