BT Group PLC (NYSE:BT)‘s stock had its “conviction-buy” rating reiterated by equities researchers at Goldman Sachs Group Inc. in a research report issued on Wednesday. They presently have a GBX 540 ($6.70) target price on the stock.

Several other equities analysts have also recently commented on the stock. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 390 ($4.84) price objective on shares of BT Group PLC in a research note on Tuesday, September 13th. Macquarie cut shares of BT Group PLC from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $360.00 to $310.00 in a research note on Friday, October 7th. Haitong Bank reaffirmed a “buy” rating and set a GBX 560 ($6.95) price objective on shares of BT Group PLC in a research note on Tuesday, October 4th. TheStreet cut shares of BT Group PLC from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 460 ($5.71) price objective on shares of BT Group PLC in a research note on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $437.41.

Analyst Recommendations for BT Group PLC (NYSE:BT)

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

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Hedge funds have recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its stake in BT Group PLC by 1.0% in the third quarter. Capstone Asset Management Co. now owns 152,643 shares of the company’s stock worth $3,882,000 after buying an additional 1,560 shares in the last quarter. World Asset Management Inc increased its stake in BT Group PLC by 8.2% in the second quarter. World Asset Management Inc now owns 123,232 shares of the company’s stock worth $3,432,000 after buying an additional 9,381 shares in the last quarter. Freestone Capital Holdings LLC increased its stake in BT Group PLC by 25.2% in the second quarter. Freestone Capital Holdings LLC now owns 69,049 shares of the company’s stock worth $1,923,000 after buying an additional 13,887 shares in the last quarter. Douglass Winthrop Advisors LLC acquired a new stake in BT Group PLC during the second quarter worth $214,000. Finally, Capital Fund Management S.A. increased 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 in the last quarter. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

About BT Group PLC

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