Citigroup restated their buy rating on shares of Zayo Group (NYSE:ZAYO) in a research note issued to investors on Thursday.

Several other analysts have also commented on the company. UBS began coverage on Zayo Group in a report on Tuesday, October 17th. They issued a buy rating on the stock. Cowen reissued a buy rating on shares of Zayo Group in a report on Friday, November 10th. TheStreet raised Zayo Group from a c rating to a b- rating in a report on Tuesday, October 17th. BidaskClub raised Zayo Group from a sell rating to a hold rating in a report on Friday, October 20th. Finally, Stifel Nicolaus reissued a buy rating on shares of Zayo Group in a report on Tuesday, August 22nd. Two 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 stock has an average rating of Hold and a consensus price target of $39.46.

Zayo Group (NYSE:ZAYO) traded up $0.08 during trading on Thursday, reaching $36.56. The company had a trading volume of 2,509,324 shares, compared to its average volume of 2,358,158. The firm has a market capitalization of $9,169.84, a price-to-earnings ratio of 82.38, a price-to-earnings-growth ratio of 15.09 and a beta of 0.53. Zayo Group has a 12-month low of $29.30 and a 12-month high of $37.18. 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 news, COO Andrew Crouch sold 22,803 shares of Zayo Group stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $34.10, for a total value of $777,582.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard W. Connor sold 1,200 shares of Zayo Group 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 in the company, valued at $5,030,689.68. The disclosure for this sale can be found here. Insiders sold 4,937,348 shares of company stock worth $176,927,529 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Several large investors have recently modified their holdings of ZAYO. Dodge & Cox lifted its position in Zayo Group by 0.6% during the second quarter. Dodge & Cox now owns 16,565,828 shares of the technology company’s stock worth $511,884,000 after buying an additional 96,250 shares in the last quarter. Vanguard Group Inc. lifted its position in Zayo Group by 8.9% during the second quarter. Vanguard Group Inc. now owns 13,786,315 shares of the technology company’s stock worth $425,998,000 after buying an additional 1,127,326 shares in the last quarter. BlackRock Inc. lifted its position in Zayo Group by 8.7% during the second quarter. BlackRock Inc. now owns 10,207,343 shares of the technology company’s stock worth $315,410,000 after buying an additional 813,652 shares in the last quarter. Carmignac Gestion lifted its position in Zayo Group by 6.7% during the third quarter. Carmignac Gestion now owns 5,196,674 shares of the technology company’s stock worth $178,870,000 after buying an additional 328,486 shares in the last quarter. Finally, Jana Partners LLC lifted its position in 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 in the last quarter. 84.11% of the stock is currently 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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