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Zayo Group Holdi Looks to Continue to Trade Below its Annual-Low Share Price Today

By Amy Schwartz

Shares of Zayo Group Holdi (NYSE:ZAYO) traded today at $31.32, breaking its 52-week low. So far today approximately 481,000 shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.

There is potential upside of 34.5% for shares of Zayo Group Holdi based on a current price of $31.40 and an average consensus analyst price target of $42.22. The stock should find initial resistance at its 50-day moving average (MA) of $35.42 and further resistance at its 200-day MA of $35.95.

Zayo Group Holdi share prices have moved between a 52-week high of $39.66 and the current low of $31.32 and are currently at $31.40 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.2%.

Zayo Group Holdings, Inc. is a global provider of bandwidth infrastructure services, including dark fiber, wavelengths, SONET, Ethernet, IP services, and carrier-neutral colocation and interconnection.

SmarTrend is tracking the current trend status for Zayo Group Holdi and will alert subscribers who have ZAYO in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows zayo group holdi

Ticker(s): ZAYO