Zayo Group (ZAYO) Earning Somewhat Positive Press Coverage, Accern Reports

News stories about Zayo Group (NYSE:ZAYO) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Zayo Group earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.9818556148047 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

Zayo Group (NYSE ZAYO) traded down $0.06 on Friday, hitting $36.46. The stock had a trading volume of 1,296,474 shares, compared to its average volume of 1,960,000. Zayo Group has a 1 year low of $29.73 and a 1 year high of $37.26. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $8,990.00, a PE ratio of 95.95, a P/E/G ratio of 14.86 and a beta of 0.53.

A number of equities analysts have weighed in on the company. Citigroup restated a “buy” rating on shares of Zayo Group in a research note on Thursday, December 14th. Morgan Stanley upgraded Zayo Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $33.00 to $40.00 in a research note on Tuesday, December 12th. SunTrust Banks restated a “buy” rating and issued a $45.00 target price on shares of Zayo Group in a research note on Thursday, December 7th. TheStreet lowered Zayo Group from a “b-” rating to a “c+” rating in a research note on Monday, November 13th. Finally, Cowen restated a “buy” rating on shares of Zayo Group in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $39.46.

In related news, major shareholder Fund X/A Lp Gtcr sold 4,700,000 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $35.90, for a total transaction of $168,730,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard W. Connor sold 1,091 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $36.76, for a total value of $40,105.16. Following the sale, the director now owns 147,169 shares of the company’s stock, valued at $5,409,932.44. The disclosure for this sale can be found here. Insiders sold a total of 4,851,194 shares of company stock valued at $174,198,778 over the last quarter. Company insiders own 5.20% of the company’s stock.

WARNING: This report was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.thelincolnianonline.com/2018/01/13/zayo-group-zayo-earning-somewhat-positive-press-coverage-accern-reports.html.

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.

Insider Buying and Selling by Quarter for Zayo Group (NYSE:ZAYO)

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