BT Group PLC (NYSE:BT) had its price target reduced by equities research analysts at Macquarie from GBX 310 ($3.87) to GBX 300 ($3.75) in a report issued on Wednesday. The brokerage presently has an “underperform” rating on the stock.

A number of other equities research analysts have also commented on BT. Deutsche Bank AG reiterated a “sell” rating and set a GBX 390 ($4.87) price target on shares of BT Group PLC in a report on Tuesday, September 13th. Haitong Bank reiterated a “buy” rating and set a GBX 560 ($7.00) price target on shares of BT Group PLC in a report on Tuesday, October 4th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of BT Group PLC in a report on Tuesday, October 18th. TheStreet lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Monday, September 19th. Finally, Citigroup Inc. reiterated a “buy” rating and set a GBX 460 ($5.75) price target on shares of BT Group PLC in a report on Wednesday, October 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $438.29.

Analyst Recommendations for BT Group PLC (NYSE:BT)

BT Group PLC (NYSE:BT) opened at 23.13 on Wednesday. The company has a market capitalization of $45.95 billion, a price-to-earnings ratio of 12.99 and a beta of 1.15. BT Group PLC has a 1-year low of $21.61 and a 1-year high of $37.63. The firm has a 50 day moving average of $23.22 and a 200-day moving average of $26.72.

A number of institutional investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its position in BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock valued at $115,000 after buying an additional 1,027 shares in the last quarter. MSI Financial Services Inc boosted its position in shares of BT Group PLC by 15.4% in the third quarter. MSI Financial Services Inc now owns 5,675 shares of the company’s stock valued at $144,000 after buying an additional 756 shares during the period. Quantbot Technologies LP boosted its position in shares of BT Group PLC by 199.9% in the third quarter. Quantbot Technologies LP now owns 5,729 shares of the company’s stock valued at $145,000 after buying an additional 3,819 shares during the period. NEXT Financial Group Inc boosted its position 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 valued at $149,000 after buying an additional 50 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in shares of BT Group PLC by 624.8% in the third quarter. Riverhead Capital Management LLC now owns 5,900 shares of the company’s stock valued at $150,000 after buying an additional 5,086 shares during the period. Institutional investors and hedge funds own 1.14% of the company’s stock.

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About BT Group PLC

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