BT Group PLC (NYSE:BT) had its price target lowered by investment analysts at Deutsche Bank AG from GBX 370 ($4.51) to GBX 345 ($4.20) in a research note issued on Wednesday. The brokerage currently has a “sell” rating on the stock.

Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group Inc. restated a “buy” rating on shares of BT Group PLC in a report on Tuesday. Citigroup Inc. restated a “buy” rating and issued a GBX 460 ($5.61) price objective on shares of BT Group PLC in a report on Wednesday. Macquarie upgraded BT Group PLC from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 28th. Jefferies Group reiterated a “hold” rating and set a GBX 400 ($4.88) price target on shares of BT Group PLC in a report on Monday, July 25th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 500 ($6.09) price target on shares of BT Group PLC in a report on Tuesday, August 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. BT Group PLC currently has a consensus rating of “Hold” and an average target price of $448.11.

Analyst Recommendations for BT Group PLC (NYSE:BT)

BT Group PLC (NYSE:BT) opened at 23.85 on Wednesday. BT Group PLC has a one year low of $22.49 and a one year high of $37.69. The firm has a market capitalization of $47.38 billion, a PE ratio of 12.82 and a beta of 1.14. The stock has a 50 day moving average price of $25.01 and a 200-day moving average price of $28.34.

Several hedge funds have recently bought and sold shares of BT. Goldman Sachs Group Inc. boosted its stake in BT Group PLC by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 548,923 shares of the company’s stock worth $17,609,000 after buying an additional 23,383 shares during the last quarter. Douglass Winthrop Advisors LLC bought a new stake in BT Group PLC during the second quarter worth $214,000. Envestnet Asset Management Inc. boosted its stake in BT Group PLC by 32.8% in the first quarter. Envestnet Asset Management Inc. now owns 323,668 shares of the company’s stock worth $10,383,000 after buying an additional 79,870 shares during the last quarter. Capital Fund Management S.A. boosted its stake in BT Group PLC by 577.8% in the second quarter. Capital Fund Management S.A. now owns 48,800 shares of the company’s stock worth $1,359,000 after buying an additional 41,600 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in BT Group PLC by 4.5% in the first quarter. Renaissance Technologies LLC now owns 3,871,801 shares of the company’s stock worth $124,207,000 after buying an additional 165,101 shares during the last quarter. 1.17% of the stock is currently owned by hedge funds and other institutional investors.

About BT Group PLC

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