Although Zayo Group Holdings Inc’s
Feldman also added the stock to the Americas Conviction List.
“In our view, Zayo is among the most attractively valued providers of telecom infrastructure,” Feldman commented. He explained that the discount at which Zayo’s shares were trading to peers represented “an attractive buying opportunity,” especially in view of recent data-points that indicate growing fiber demand.
The analyst expects the company’s core recurring revenue growth to accelerate from 8 percent to nearly 10 percent over the next few quarters. He added, “These include accelerated growth in major cloud platforms (Azure), roll-outs of new OTT video services (DIRECTV Now), ramping small cell deployments (Crown Castle) and planned deployments of fixed wireless broadband (Google).”
In Q2, Emerald Acquisition Ltd. purchased 16,909 shares of Zayo’s stock,
The institutional investor’s purchase was valued at approximately $472,000.
Earlier this month, the company
|Oct 2016||Goldman Sachs||Maintains||Buy|
|Aug 2016||Stephens & Co.||Downgrades||Overweight||Equal-Weight|
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