Zayo Group (ZAYO) Receives News Impact Score of 0.20
Media coverage about Zayo Group (NYSE:ZAYO) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Zayo Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.9946989853117 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Zayo Group Holdings, Inc. (NYSE: ZAYO) – Trending Hot Stock’s Analysis – Alpha Beta Stock (alphabetastock.com)
- Zayo Group (ZAYO) Given “Buy” Rating at SunTrust Banks (americanbankingnews.com)
- Will These Stocks Remain Hot? Zayo Group Holdings, Inc. (ZAYO), Western Digital Corporation (WDC) – Market Movers (financialqz.com)
- Hot Tickers: TD Ameritrade Holding Corporation (AMTD), Zayo Group Holdings, Inc. (ZAYO) – Market Movers (financialqz.com)
- Bordering on Key Levels: Zayo Group Holdings, Inc. (ZAYO), VMware, Inc. (VMW) – Market Movers (financialqz.com)
ZAYO has been the subject of several research reports. BidaskClub raised Zayo Group from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Cowen reaffirmed a “buy” rating on shares of Zayo Group in a research note on Friday, August 11th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Zayo Group in a research note on Tuesday, August 22nd. William Blair reaffirmed an “ourperform” rating on shares of Zayo Group in a research note on Tuesday, August 22nd. Finally, Deutsche Bank initiated coverage on Zayo Group in a research note on Monday, August 28th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.92.
Zayo Group (NYSE ZAYO) traded up $0.01 during trading hours on Friday, hitting $34.42. The stock had a trading volume of 1,286,900 shares, compared to its average volume of 2,350,053. The stock has a market capitalization of $8,437.64, a price-to-earnings ratio of 75.80, a PEG ratio of 13.88 and a beta of 0.53. Zayo Group has a 52-week low of $29.30 and a 52-week high of $36.79. 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 related news, CEO Daniel Caruso sold 115,273 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $34.70, for a total value of $3,999,973.10. Following the completion of the sale, the chief executive officer now owns 4,343,965 shares of the company’s stock, valued at $150,735,585.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of the firm’s stock in a transaction on 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. In the last three months, insiders have sold 9,637,348 shares of company stock valued at $338,372,529. Insiders own 5.20% of the company’s stock.
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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.
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