Media coverage about Zayo Group (NYSE:ZAYO) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zayo Group earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 47.6481648543719 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
ZAYO has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Saturday, February 10th. Morgan Stanley upped their target price on shares of Zayo Group from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Citigroup reiterated a “buy” rating on shares of Zayo Group in a research report on Thursday, December 14th. Oppenheimer reiterated a “buy” rating and set a $42.00 target price on shares of Zayo Group in a research report on Tuesday, November 7th. Finally, TheStreet cut shares of Zayo Group from a “b-” rating to a “c+” rating in a research report on Monday, November 13th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Zayo Group has an average rating of “Buy” and a consensus target price of $41.09.
Shares of Zayo Group (NYSE ZAYO) traded down $1.01 during midday trading on Thursday, reaching $35.72. 3,088,319 shares of the company were exchanged, compared to its average volume of 1,885,008. The firm has a market cap of $8,800.00, a price-to-earnings ratio of 68.69, a PEG ratio of 19.52 and a beta of 0.47. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.99 and a current ratio of 0.99. Zayo Group has a 12-month low of $29.73 and a 12-month high of $37.95.
Zayo Group (NYSE:ZAYO) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.10. The firm had revenue of $653.50 million during the quarter, compared to analyst estimates of $650.79 million. Zayo Group had a net margin of 3.42% and a return on equity of 10.19%. analysts expect that Zayo Group will post 0.38 earnings per share for the current fiscal year.
In other news, insider John F. Jr. Waters sold 10,711 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $36.14, for a total transaction of $387,095.54. Following the completion of the transaction, the insider now directly owns 73,244 shares in the company, valued at approximately $2,647,038.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Emily White acquired 43,095 shares of Zayo Group stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $34.99 per share, with a total value of $1,507,894.05. Following the completion of the purchase, the director now owns 3,906 shares in the company, valued at $136,670.94. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 412,234 shares of company stock valued at $15,199,698. Company insiders own 5.20% of the company’s stock.
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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.
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