News coverage about Zayo Group (NYSE:ZAYO) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Zayo Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.0376828378958 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
Zayo Group stock traded up $0.19 during mid-day trading on Monday, hitting $36.20. The company had a trading volume of 1,063,090 shares, compared to its average volume of 2,019,396. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.73. Zayo Group has a 12-month low of $29.73 and a 12-month high of $37.95. The firm has a market cap of $8,932.79, a PE ratio of 90.50, a P/E/G ratio of 12.86 and a beta of 0.53.
Zayo Group (NYSE:ZAYO) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.10. Zayo Group had a return on equity of 10.19% and a net margin of 3.42%. The business had revenue of $653.50 million for the quarter, compared to analyst estimates of $650.79 million. equities research analysts forecast that Zayo Group will post 0.56 EPS for the current year.
ZAYO has been the topic of a number of recent research reports. SunTrust Banks upped their target price on Zayo Group to $45.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Morgan Stanley upped their target price on Zayo Group from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded Zayo Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Saturday, February 10th. Barclays reiterated a “buy” rating and issued a $41.00 target price on shares of Zayo Group in a research report on Friday, January 19th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Zayo Group in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.82.
In other news, major shareholder Fund X/C Lp Gtcr sold 4,675,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $37.05, for a total transaction of $173,208,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard W. Connor sold 1,037 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $34.00, for a total value of $35,258.00. Following the transaction, the director now directly owns 148,383 shares of the company’s stock, valued at $5,045,022. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,371,494 shares of company stock worth $198,569,969. Insiders own 5.20% of the company’s stock.
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About Zayo Group
Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.
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