BT Group PLC (NYSE:BT)‘s stock had its “neutral” rating reissued by research analysts at JPMorgan Chase & Co. in a research report issued on Wednesday.

Several other analysts also recently weighed in on BT. HSBC restated a “buy” rating and issued a GBX 480 ($5.95) price objective on shares of BT Group PLC in a report on Friday, August 5th. Haitong Bank decreased their price objective on BT Group PLC from GBX 600 ($7.44) to GBX 560 ($6.95) and set a “buy” rating for the company in a report on Tuesday, August 2nd. Societe Generale restated a “buy” rating and issued a GBX 500 ($6.20) price objective on shares of BT Group PLC in a report on Tuesday, August 9th. Deutsche Bank AG restated a “sell” rating and issued a GBX 390 ($4.84) price objective on shares of BT Group PLC in a report on Tuesday, September 6th. Finally, Barclays PLC restated an “overweight” rating on shares of BT Group PLC in a report on Tuesday, August 23rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. BT Group PLC currently has an average rating of “Hold” and a consensus price target of $437.41.

Analyst Recommendations for BT Group PLC (NYSE:BT)

BT Group PLC (NYSE:BT) opened at 22.43 on Wednesday. The company has a market cap of $44.55 billion, a PE ratio of 12.85 and a beta of 1.15. The firm’s 50-day moving average is $23.05 and its 200 day moving average is $26.44. BT Group PLC has a 1-year low of $21.61 and a 1-year high of $37.09.

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A number of hedge funds and other institutional investors have recently made changes to their positions in BT. Royal Bank of Canada increased its position in shares of BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock worth $23,796,000 after buying an additional 122,967 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in shares of BT Group PLC by 95.7% in the third quarter. Miller Howard Investments Inc. NY now owns 523,622 shares of the company’s stock worth $13,316,000 after buying an additional 256,025 shares during the last quarter. Eagle Global Advisors LLC increased its position in shares of BT Group PLC by 2.8% in the second quarter. Eagle Global Advisors LLC now owns 501,736 shares of the company’s stock worth $13,973,000 after buying an additional 13,885 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of BT Group PLC by 198.6% in the third quarter. JPMorgan Chase & Co. now owns 342,739 shares of the company’s stock worth $8,716,000 after buying an additional 227,938 shares during the last quarter. Finally, Thornburg Investment Management Inc. bought a new position in shares of BT Group PLC during the second quarter worth about $6,736,000. 1.09% of the stock is owned by institutional investors.

About BT Group PLC

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