BT Group plc (BT) Cut to “Equal Weight” at Morgan Stanley
Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of BT Group plc from a sell rating to a hold rating in a report on Monday, April 17th. Deutsche Bank AG restated a sell rating on shares of BT Group plc in a report on Friday, April 28th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 330 ($4.24) price objective on shares of BT Group plc in a report on Monday, March 13th. Barclays PLC restated an overweight rating and issued a GBX 475 ($6.10) price objective on shares of BT Group plc in a report on Monday, March 13th. Finally, Credit Suisse Group AG restated a neutral rating and issued a GBX 340 ($4.37) price objective on shares of BT Group plc in a report on Friday, April 21st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $346.24.
BT Group plc (NYSE:BT) opened at 19.84 on Wednesday. The firm has a 50 day moving average price of $20.11 and a 200 day moving average price of $21.11. BT Group plc has a 12-month low of $19.14 and a 12-month high of $32.85. The company has a market cap of $39.25 billion, a PE ratio of 16.06 and a beta of 1.07.
BT Group plc (NYSE:BT) last announced its quarterly earnings data on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. BT Group plc had a net margin of 10.29% and a return on equity of 35.80%. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.88 billion. On average, analysts anticipate that BT Group plc will post $3.83 earnings per share for the current fiscal year.
WARNING: “BT Group plc (BT) Cut to “Equal Weight” at Morgan Stanley” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/06/05/bt-group-plc-bt-cut-to-equal-weight-at-morgan-stanley.html.
The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 11th will be issued a dividend of $0.6804 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a dividend yield of 6.86%. BT Group plc’s payout ratio is 56.25%.
Several large investors have recently modified their holdings of BT. Menora Mivtachim Holdings LTD. bought a new stake in shares of BT Group plc during the fourth quarter worth approximately $115,000. Quadrant Capital Group LLC raised its stake in shares of BT Group plc by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock worth $145,000 after buying an additional 6,254 shares during the last quarter. Rational Advisors LLC raised its stake in shares of BT Group plc by 14.3% in the first quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock worth $160,000 after buying an additional 997 shares during the last quarter. Tyers Asset Management LLC bought a new stake in shares of BT Group plc during the fourth quarter worth approximately $196,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of BT Group plc during the first quarter worth approximately $205,000. Institutional investors and hedge funds own 1.10% of the company’s stock.
BT Group plc Company Profile
Receive News & Stock Ratings for BT Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group plc and related stocks with our FREE daily email newsletter.