Zayo Group Holdings Inc (NYSE:ZAYO) has been given an average recommendation of “Hold” by the twenty-three brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $38.50.

Several equities research analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Zayo Group in a report on Thursday, December 14th. Morgan Stanley upgraded Zayo Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $33.00 to $40.00 in a report on Tuesday, December 12th. SunTrust Banks reiterated a “buy” rating and set a $45.00 price target on shares of Zayo Group in a report on Thursday, December 7th. TheStreet lowered Zayo Group from a “b-” rating to a “c+” rating in a report on Monday, November 13th. Finally, Cowen reiterated a “buy” rating on shares of Zayo Group in a report on Friday, November 10th.

In related news, CEO Daniel Caruso sold 87,741 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $36.05, for a total value of $3,163,063.05. Following the completion of the sale, the chief executive officer now directly owns 4,383,535 shares in the company, valued at approximately $158,026,436.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matt Steinfort sold 1,891 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $36.36, for a total value of $68,756.76. Following the completion of the sale, the chief financial officer now owns 5,565 shares of the company’s stock, valued at $202,343.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,838,694 shares of company stock valued at $173,740,028. Corporate insiders own 5.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of ZAYO. Nisa Investment Advisors LLC acquired a new position in shares of Zayo Group during the fourth quarter worth approximately $552,000. Jana Partners LLC lifted its holdings in shares of Zayo Group by 48.0% during the third quarter. Jana Partners LLC now owns 4,175,993 shares of the technology company’s stock worth $143,738,000 after buying an additional 1,353,775 shares during the last quarter. FrontFour Capital Group LLC lifted its holdings in shares of Zayo Group by 46.9% during the third quarter. FrontFour Capital Group LLC now owns 147,637 shares of the technology company’s stock worth $5,082,000 after buying an additional 47,155 shares during the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of Zayo Group by 23.1% during the third quarter. Alkeon Capital Management LLC now owns 1,067,429 shares of the technology company’s stock worth $36,741,000 after buying an additional 200,000 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Zayo Group by 2.6% during the third quarter. California Public Employees Retirement System now owns 345,712 shares of the technology company’s stock worth $11,899,000 after buying an additional 8,812 shares during the last quarter. Hedge funds and other institutional investors own 84.07% of the company’s stock.

Shares of Zayo Group (NYSE ZAYO) traded down $0.06 during trading on Friday, hitting $36.46. The stock had a trading volume of 1,296,474 shares, compared to its average volume of 1,557,833. The firm has a market cap of $9,000.00, a price-to-earnings ratio of 95.95, a price-to-earnings-growth ratio of 14.67 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.81. Zayo Group has a fifty-two week low of $29.73 and a fifty-two week high of $37.26.

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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.

Analyst Recommendations for Zayo Group (NYSE:ZAYO)

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