BT Group PLC (NYSE:BT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. “

BT has been the subject of several other reports. Haitong Bank reiterated a “buy” rating and set a GBX 560 ($6.83) price objective on shares of BT Group PLC in a research note on Tuesday, September 27th. Societe Generale reiterated a “buy” rating and set a GBX 500 ($6.09) price objective on shares of BT Group PLC in a research note on Tuesday, August 9th. Citigroup Inc. upgraded BT Group PLC from a “neutral” rating to a “buy” rating in a research note on Monday, June 27th. Deutsche Bank AG dropped their price objective on BT Group PLC from GBX 390 ($4.75) to GBX 370 ($4.51) and set a “sell” rating for the company in a research note on Monday, September 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 550 ($6.70) price objective on shares of BT Group PLC in a research note on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $451.17.

Analyst Recommendations for BT Group PLC (NYSE:BT)

Shares of BT Group PLC (NYSE:BT) traded up 1.17% during trading on Monday, hitting $23.33. 441,465 shares of the stock traded hands. BT Group PLC has a 52 week low of $22.49 and a 52 week high of $37.69. The firm’s 50-day moving average price is $25.15 and its 200-day moving average price is $28.51. The company has a market cap of $46.35 billion, a price-to-earnings ratio of 12.54 and a beta of 1.14.

Large investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock worth $115,000 after buying an additional 1,027 shares in the last quarter. MSI Financial Services Inc raised its stake in BT Group PLC by 15.4% in the third quarter. MSI Financial Services Inc now owns 5,675 shares of the company’s stock worth $144,000 after buying an additional 756 shares in the last quarter. NEXT Financial Group Inc raised its stake in BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock worth $149,000 after buying an additional 50 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of BT Group PLC during the second quarter worth about $169,000. Finally, Creative Planning raised its stake in shares of BT Group PLC by 394.9% in the second quarter. Creative Planning now owns 6,642 shares of the company’s stock worth $185,000 after buying an additional 5,300 shares in the last quarter. 1.17% of the stock is currently owned by institutional investors.

BT Group PLC Company Profile

5 Day Chart for NYSE:BT

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