Market Overview

UPDATE: BTIG Research Initiates Coverage On Zayo Group On Multiple Growth Drivers

Share:

In a report published Wednesday, BTIG Research analyst Walter Piecyk initiated coverage on Zayo Group Holdings Inc (NYSE: ZAYO) with a Buy rating and $27.00 price target.

In the report, BTIG Research noted, “Zayo is a finer-based Internet infrastructure play that is positioned to benefit from the growth in data demands across a wide range of customers. Growth in video streaming and mobile data are the key drivers behind the demand for more capacity in the network, which Zayo's products and services address. We believe management can leverage high single digit organic revenue and EBITDA growth into the double digits based on its strong track record of integrating acquisitions.”

Zayo Group Holdings Inc closed on Tuesday at $22.75.

Latest Ratings for ZAYO

DateFirmActionFromTo
May 2019DowngradesOutperformMarket Perform
May 2019DowngradesBuyNeutral
May 2019DowngradesOutperformMarket Perform

View More Analyst Ratings for ZAYO
View the Latest Analyst Ratings

Posted-In: BTIG Research Walter PiecykAnalyst Color Initiation Analyst Ratings

 

Related Articles (ZAYO)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
HSKACanaccord GenuityMaintains75.0
AVGOMorgan StanleyMaintains265.0
AMATNeedhamMaintains56.0
VOYACitigroupMaintains62.0
VCCitigroupMaintains86.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Apple And Alibaba: A Match Made In Heaven?

Morning Market Losers