Zayo Group Holdings Receives a Buy from SunTrust Robinson

By Carrie Williams

In a report released yesterday, Gregory Miller from SunTrust Robinson reiterated a Buy rating on Zayo Group Holdings (NYSE: ZAYO), with a price target of $45. The company’s shares opened today at $34.20.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 10.2% and a 67.9% success rate. Miller covers the Technology sector, focusing on stocks such as Interxion Holding NV, magicJack VocalTec, and GTT Communications.

Zayo Group Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $42.25.

The company has a one-year high of $36.79 and a one-year low of $29.30. Currently, Zayo Group Holdings has an average volume of 2.19M.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock.

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Zayo Group Holdings, Inc. provides bandwidth infrastructure services in the U.S. and Europe. Its products and services enable mission critical, high-bandwidth applications, such as cloud-based computing, video, mobile, social media, machine-to-machine connectivity, and other bandwidth-intensive applications.