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Barclays Remains a Buy on Zayo Group Holdings (ZAYO)


In a report released yesterday, Amir Rozwadowski from Barclays maintained a Buy rating on Zayo Group Holdings (ZAYO), with a price target of $30. The company’s shares closed yesterday at $22.56, close to its 52-week low of $22.

According to TipRanks.com, Rozwadowski is a 5-star analyst with an average return of 16.6% and a 68.1% success rate. Rozwadowski covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, America Movil, and Crown Castle.

Currently, the analyst consensus on Zayo Group Holdings is a Strong Buy with an average price target of $35, a 55.1% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a $32 price target.

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Zayo Group Holdings’ market cap is currently $5.58B and has a P/E ratio of 55.06. The company has a Price to Book ratio of 3.59.

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Zayo Group Holdings, Inc. engages in the provision of bandwidth infrastructure services in the U.S. and Europe. It operates through the following segments: Fiber Solutions, Transport, Enterprise Networks, Colocation, Allstream, and Other. The Fiber Solutions segment include dark fiber and mobile infrastructure solutions.