JPMorgan Chase & Co. reiterated their neutral rating on shares of BT Group PLC (NYSE:BT) in a research report sent to investors on Tuesday.

Other analysts have also issued reports about the stock. Deutsche Bank AG reaffirmed a sell rating and set a GBX 390 ($4.87) price target on shares of BT Group PLC in a research report on Tuesday, September 13th. Macquarie lowered shares of BT Group PLC from a neutral rating to an underperform rating and dropped their price objective for the company from $360.00 to $310.00 in a research report on Friday, October 7th. Haitong Bank reissued a buy rating and issued a GBX 560 ($7.00) price objective on shares of BT Group PLC in a research report on Tuesday, October 4th. Goldman Sachs Group Inc. reissued a buy rating on shares of BT Group PLC in a research report on Tuesday, October 18th. Finally, TheStreet lowered shares of BT Group PLC from a buy rating to a hold rating in a research report on Monday, September 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. BT Group PLC currently has an average rating of Hold and a consensus price target of $438.29.

Shares of BT Group PLC (NYSE:BT) opened at 23.13 on Tuesday. The firm 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 12 month low of $21.61 and a 12 month high of $37.63. The stock’s 50 day moving average is $23.22 and its 200 day moving average is $26.72.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BT. Sei Investments Co. raised 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 during the last quarter. MSI Financial Services Inc raised its position 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 valued at $144,000 after buying an additional 756 shares during the last quarter. Quantbot Technologies LP raised its position in 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 last quarter. NEXT Financial Group Inc raised its position 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 valued at $149,000 after buying an additional 50 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in 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 last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

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About BT Group PLC

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