BT Group PLC (NYSE:BT) has been assigned an average recommendation of “Hold” from the twenty research firms that are presently covering the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $467.93.

Several research firms have recently weighed in on BT. Macquarie raised shares of BT Group PLC from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 28th. Jefferies Group reaffirmed a “hold” rating and set a GBX 400 ($4.88) target price on shares of BT Group PLC in a report on Monday, July 25th. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 410 ($5.00) target price on shares of BT Group PLC in a report on Wednesday, July 20th. Societe Generale reissued a “buy” rating and issued a GBX 500 ($6.09) price target on shares of BT Group PLC in a research note on Tuesday, August 9th. Finally, Haitong Bank reissued a “buy” rating and issued a GBX 600 ($7.31) price target on shares of BT Group PLC in a research note on Tuesday, July 26th.

Shares of BT Group PLC (NYSE:BT) traded up 2.44% during midday trading on Tuesday, hitting $23.90. 383,264 shares of the stock traded hands. The company’s 50 day moving average price is $25.07 and its 200-day moving average price is $28.39. The stock has a market cap of $47.48 billion, a price-to-earnings ratio of 12.85 and a beta of 1.14. BT Group PLC has a 12-month low of $22.49 and a 12-month high of $37.69.

A number of hedge funds have recently modified their holdings of BT. Douglass Winthrop Advisors LLC bought a new stake in shares of BT Group PLC during the second quarter valued at about $214,000. 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 during the period. NEXT Financial Group Inc raised its stake in shares of 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 during the period. Baxter Bros Inc. acquired a new stake in shares of BT Group PLC during the second quarter worth about $373,000. Finally, Fulton Bank N.A. raised its stake in shares of BT Group PLC by 7.2% in the second quarter. Fulton Bank N.A. now owns 13,558 shares of the company’s stock worth $377,000 after buying an additional 910 shares during the period. Hedge funds and other institutional investors own 1.17% of the company’s stock.

About BT Group PLC

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