Deutsche Bank AG reissued their sell rating on shares of BT Group PLC (NYSE:BT) in a research report report published on Thursday. Deutsche Bank AG currently has a GBX 265 ($3.44) target price on the utilities provider’s stock.

A number of other research firms have also recently issued reports on BT. Beaufort Securities cut shares of BT Group PLC to a long term buy rating and set a GBX 340 ($4.41) target price for the company. in a research note on Friday, July 21st. Berenberg Bank reiterated a hold rating on shares of BT Group PLC in a research note on Monday, May 15th. Royal Bank Of Canada reduced their target price on shares of BT Group PLC from GBX 465 ($6.04) to GBX 425 ($5.52) and set an outperform rating for the company in a research note on Wednesday, April 26th. Morgan Stanley cut shares of BT Group PLC from an overweight rating to an equal weight rating in a research note on Wednesday, May 31st. Finally, Citigroup Inc. reiterated a buy rating on shares of BT Group PLC in a research note on Monday, May 15th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $339.33.

BT Group PLC (NYSE BT) traded up 0.556% during mid-day trading on Thursday, reaching $18.995. 336,517 shares of the company traded hands. The stock has a 50-day moving average of $19.83 and a 200 day moving average of $19.87. The stock has a market capitalization of $37.75 billion, a PE ratio of 18.177 and a beta of 1.05. BT Group PLC has a 52-week low of $18.06 and a 52-week high of $26.76.

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The business also recently announced a semiannual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 11th will be paid a dividend of $0.6804 per share. This represents a yield of 6.86%. The ex-dividend date is Wednesday, August 9th. BT Group PLC’s payout ratio is currently 90.39%.

A number of institutional investors have recently added to or reduced their stakes in BT. Guggenheim Capital LLC bought a new position in BT Group PLC during the fourth quarter valued at approximately $393,000. Bank of Montreal Can boosted its position in BT Group PLC by 252.2% in the first quarter. Bank of Montreal Can now owns 46,862 shares of the utilities provider’s stock valued at $941,000 after buying an additional 33,555 shares during the last quarter. Profund Advisors LLC boosted its position in BT Group PLC by 51.0% in the first quarter. Profund Advisors LLC now owns 55,954 shares of the utilities provider’s stock valued at $1,124,000 after buying an additional 18,887 shares during the last quarter. Sit Investment Associates Inc. bought a new position in BT Group PLC during the first quarter valued at approximately $1,240,000. Finally, Miller Howard Investments Inc. NY boosted its position in BT Group PLC by 4.4% in the first quarter. Miller Howard Investments Inc. NY now owns 553,619 shares of the utilities provider’s stock valued at $11,122,000 after buying an additional 23,374 shares during the last quarter. Hedge funds and other institutional investors own 1.03% of the company’s stock.

About BT Group PLC

Analyst Recommendations for BT Group PLC (NYSE:BT)

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