BT Group PLC (NYSE:BT) has earned an average rating of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $355.31.

Several analysts have recently weighed in on the stock. Beaufort Securities lowered their price objective on shares of BT Group PLC from GBX 390 ($5.04) to GBX 340 ($4.40) and set a “buy” rating on the stock in a research report on Friday, May 12th. Bank of America Corporation cut shares of BT Group PLC from a “buy” rating to a “neutral” rating in a research report on Monday, June 19th. Exane BNP Paribas cut shares of BT Group PLC from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 25th. Macquarie upgraded shares of BT Group PLC from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $270.00 to $330.00 in a research report on Tuesday, June 27th. Finally, Citigroup Inc. restated a “buy” rating on shares of BT Group PLC in a research report on Monday, May 29th.

BT Group PLC (NYSE BT) opened at 18.89 on Wednesday. The stock has a 50 day moving average price of $19.84 and a 200-day moving average price of $19.86. BT Group PLC has a one year low of $18.06 and a one year high of $26.76. The firm has a market capitalization of $37.55 billion, a PE ratio of 18.08 and a beta of 1.05.

The firm also recently disclosed 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 large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in BT Group PLC by 1,839.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock valued at $20,349,000 after buying an additional 994,311 shares during the last quarter. Sit Investment Associates Inc. raised its stake in BT Group PLC by 1,068.7% in the second quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock valued at $13,996,000 after buying an additional 659,380 shares during the last quarter. Jane Street Group LLC acquired a new stake in BT Group PLC during the first quarter valued at approximately $12,554,000. Karp Capital Management Corp acquired a new stake in BT Group PLC during the first quarter valued at approximately $6,762,000. Finally, Royal Bank of Canada raised its stake in BT Group PLC by 22.8% in the second quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock valued at $24,166,000 after buying an additional 230,781 shares during the last quarter. 0.99% of the stock is currently owned by institutional investors and hedge funds.

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About BT Group PLC

Analyst Recommendations for BT Group PLC (NYSE:BT)

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