Zayo Group Holdings (NYSE:ZAYO) Receives a Higher Rating From J.P. Morgan. Will This be a Boost to the Share Price?

Zayo Group Holdings, Inc. (NYSE:ZAYO) Logo

Investors sentiment increased to 1.72 in Q2 2018. Its up 0.51, from 1.21 in 2018Q1. It increased, as 35 investors sold Zayo Group Holdings, Inc. shares while 62 reduced holdings. 47 funds opened positions while 120 raised stakes. 220.58 million shares or 5.13% more from 209.81 million shares in 2018Q1 were reported.

Sumitomo Mitsui Asset Mgmt invested in 0.01% or 16,622 shares. Eaton Vance Mgmt stated it has 0.12% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Swiss Bancorporation stated it has 0.04% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Driehaus Mgmt Llc invested 0.02% of its portfolio in Zayo Group Holdings, Inc. (NYSE:ZAYO). Moreover, Art Advisors Limited Liability has 0.13% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 89,500 shares. Picton Mahoney Asset Management holds 0.39% of its portfolio in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 149,000 shares. Walleye Trading Ltd Liability Corporation invested in 0.07% or 352,145 shares. One Trading L P has invested 0% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Wells Fargo & Co Mn accumulated 1.23M shares or 0.01% of the stock. Thompson Siegel Walmsley Llc accumulated 114,067 shares. Appleton Ptnrs Ma owns 0.21% invested in Zayo Group Holdings, Inc. (NYSE:ZAYO) for 39,295 shares. Quantitative Systematic Strategies Llc holds 0.29% or 42,770 shares. Century Inc invested 0% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Prelude Cap Mgmt Ltd Limited Liability Company accumulated 0.08% or 33,198 shares. Bluemountain Capital Limited Co reported 0.02% stake.

Since June 6, 2018, it had 0 buys, and 15 sales for $21.67 million activity. 1,935 shares valued at $65,809 were sold by Steinfort Matt on Thursday, October 4. The insider Caruso Daniel sold 265,866 shares worth $10.00M. Waters John F Jr. sold 3,869 shares worth $144,667. Connor Richard W. had sold 1,038 shares worth $35,240. Another trade for 5,000 shares valued at $195,000 was sold by Rottenberg Linda.

Zayo Group Holdings (NYSE:ZAYO) Stock Upgrade

In a research report revealed to investors and clients on Wednesday, 28 November, equity research analysts at the J.P. Morgan equities research division upgraded shares of Zayo Group Holdings (NYSE:ZAYO) to a respectable “Buy” rating. They now have a target price per share set at $38.0000 on ZAYO equating to 44.38 % more upside.

Zayo Group Holdings, Inc. (NYSE:ZAYO) Ratings Coverage

Among 7 analysts covering Zayo Group Holdings (NYSE:ZAYO), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Zayo Group Holdings has $75 highest and $30 lowest target. $42.67’s average target is 62.12% above currents $26.32 stock price. Zayo Group Holdings had 7 analyst reports since September 4, 2018 according to SRatingsIntel. The firm has “Buy” rating by J.P. Morgan given on Wednesday, November 28. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) has “Outperform” rating given on Thursday, November 8 by Raymond James. As per Wednesday, November 28, the company rating was upgraded by JP Morgan. As per Thursday, November 8, the company rating was downgraded by BTIG Research. UBS downgraded Zayo Group Holdings, Inc. (NYSE:ZAYO) rating on Thursday, November 8. UBS has “Neutral” rating and $32 target. On Wednesday, November 14 the stock rating was maintained by Deutsche Bank with “Buy”.

The stock increased 1.23% or $0.32 during the last trading session, reaching $26.32. About 4.44M shares traded. Zayo Group Holdings, Inc. (NYSE:ZAYO) has declined 0.14% since December 2, 2017 and is downtrending. It has underperformed by 15.76% the S&P500.

Zayo Group Holdings, Inc., through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company has market cap of $6.23 billion. The firm operates in six divisions: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation , Allstream, and Other. It has a 64.67 P/E ratio. The Fiber Solutions segment provides dark fiber, and fiber-to-the-tower and small cell mobile infrastructure services for carriers and other communication service providers, Internet service providers, wireless service providers, media and content companies, large enterprises, and other companies.

More notable recent Zayo Group Holdings, Inc. (NYSE:ZAYO) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Zayo Group Holdings, Inc. – ZAYO – PR Newswire” on November 08, 2018, also Seekingalpha.com with their article: “Zayo -18% as analysts react to miss, company split plans – Seeking Alpha” published on November 08, 2018, Streetinsider.com published: “Zayo Group (ZAYO) Said to Receive Interest from Blackstone-Stonepeak Group – Bloomberg (Earlier) – StreetInsider.com” on November 19, 2018. More interesting news about Zayo Group Holdings, Inc. (NYSE:ZAYO) were released by: Businesswire.com and their article: “Scott Drake and Yancey Spruill Join Zayo’s Board of Directors – Business Wire” published on November 07, 2018 as well as Nasdaq.com‘s news article titled: “Why Zayo Group Holdings, Inc. Stock Plunged Today – Nasdaq” with publication date: November 08, 2018.

Zayo Group Holdings, Inc. (NYSE:ZAYO) Institutional Positions Chart

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