Morgan Stanley downgraded shares of BT Group plc (NYSE:BT) from an overweight rating to an equal weight rating in a research note released on Wednesday.

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.

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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

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