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ZAYO

Zayo Group

$30.39

-1.35 (-4.25%)

10:33
04/25/19
04/25
10:33
04/25/19
10:33

Zayo Group weakness attributed to supposed conferernce confirmation

Shares of Zayo Group (ZAYO) fell by as much as 10% in early trading and remain down roughly 5% near $30.25 at 10:30 am ET. The early weakness has been attributed to unconfirmed speculation that the company has confirmed plans to present at the NAREIT conference in June, according to contacts. A conference confirmation could potentially be viewed as an indicator that the company does not have imminent plans to announce a deal. The Fly has reached out to the company for comment.

  • 09

    May

ZAYO Zayo Group
$30.39

-1.35 (-4.25%)

02/04/19
COWN
02/04/19
NO CHANGE
Target $37
COWN
Outperform
Cowen believes Zayo Group deal is still likely in near-term
Cowen analyst Colby Synesael thinks Zayo Group and the previously reported private equity consortium have been unable to agree on a price so far, but he still thinks a deal is likely in the short-term. He expects Zayo to report downside for Q2 but he thinks booking will be good and that is the metric that will be focused on. Synesael maintained his Outperform rating and $37 price target on Zayo Group shares.
02/08/19
MSCO
02/08/19
NO CHANGE
Target $34
MSCO
Overweight
Zayo Group quarterly results a 'secondary focus' once again, says Morgan Stanley
Morgan Stanley analyst Simon Flannery said Zayo Group reported a nice rebound from last quarter's results and provided some encouraging data on the organic growth outlook with solid guidance for calendar 2019. However, "the quarterly results became a secondary focus of investors" once again as the company announced new plans to resegment the business into Network, zColo and Allstream, which makes it seem to him that the original plans to split into two public companies is now off the table for 2019. Additionally, Flannery quoted the company's CEO as stating that Zayo "is fully committed to considering alternatives that would maximize the value of our company. Investors should be confident that our board would engage with any party that makes a credible proposal that appropriately values the company." Flannery, who appreciates the improved results but thinks consistency "will be the ultimate determinant of the stock's performance," keeps an Overweight rating on Zayo shares.
02/11/19
DBAB
02/11/19
NO CHANGE
Target $31
DBAB
Buy
Zayo Group remains a preferred idea at Deutsche Bank
Deutsche Bank analyst Matthew Niknam says Zayo Group remains one of his preferred ideas. The analyst raised his price target for the shares to $31 from $30 and keeps a Buy rating on the name. Zayo has a "unique asset mix" as the largest independent owner of high-quality fiber in the U.S., Niknam tells investors in a research note. He believes this positions the company "in the sweet spot of Communications Infrastructure spending trends in upcoming years, as bandwidth needs rise from key verticals."
03/18/19
MSCO
03/18/19
NO CHANGE
Target $34
MSCO
Overweight
Zayo Group shares can continue to rally, says Morgan Stanley
Morgan Stanley analyst Simon Flannery noted that Zayo Group shares have rallied since the company postponed its March 14 analyst meeting as it evaluates strategic alternatives, but he sees several catalysts that should provide support for the stock over the coming months, including private equity interest, shareholder activism, a REIT response from the IRS and a potential Colocation/Allstream separation. He maintains an Overweight rating and $34 price target on Zayo Group shares.

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Kellogg

$55.76

0.13 (0.23%)

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Krystal Biotech

$41.15

11.87 (40.54%)

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FactSet

$293.20

-4.89 (-1.64%)

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$51.41

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GNFT

Genfit

$20.19

-0.02 (-0.10%)

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  • 27

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CGC

Canopy Growth

$40.51

0.31 (0.77%)

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AWK

American Water

$118.43

0.4 (0.34%)

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LMT

Lockheed Martin

$359.98

0.555 (0.15%)

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GILD

Gilead

$68.86

-0.53 (-0.76%)

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BA

Boeing

$374.10

2.14 (0.58%)

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  • 09

    Jul

GOOG

Alphabet

$1,115.75

-6.63 (-0.59%)

, GOOGL

Alphabet Class A

$1,117.00

-8.17 (-0.73%)

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$1,115.75

-6.63 (-0.59%)

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Alphabet Class A

$1,117.00

-8.17 (-0.73%)

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  • 09

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AAPL

Apple

$198.60

-0.17 (-0.09%)

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WMT

Walmart

$111.25

0.08 (0.07%)

, FB

Facebook

$192.56

1.4 (0.73%)

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WMT

Walmart

$111.25

0.08 (0.07%)

FB

Facebook

$192.56

1.4 (0.73%)

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CAT

Caterpillar

$134.37

0.43 (0.32%)

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FBK

FB Financial

$35.14

0.06 (0.17%)

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FLR

Fluor

$31.11

-0.99 (-3.08%)

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ERYP

Erytech Pharma

$6.69

(0.00%)

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LMT

Lockheed Martin

$359.98

0.555 (0.15%)

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MDCO

The Medicines Co.

$35.38

-1.01 (-2.78%)

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MHTLY

Metcash

$0.00

(0.00%)

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MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

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$256.30

(0.00%)

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TMSR

TMSR Holding

$1.67

(0.00%)

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