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


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

May 2019DowngradesOutperformMarket Perform
May 2019DowngradesBuyNeutral
May 2019DowngradesOutperformMarket Perform

View More Analyst Ratings for ZAYO
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Posted-In: BTIG Research Walter PiecykAnalyst Color Initiation Analyst Ratings


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