BT Group PLC (BT) Stock Rating Lowered by ValuEngine
ValuEngine cut shares of BT Group PLC (NYSE:BT) from a buy rating to a hold rating in a research report released on Friday.
Other equities research analysts also recently issued research reports about the company. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 290 ($3.75) price objective on shares of BT Group PLC in a report on Wednesday, July 12th. Numis Securities Ltd assumed coverage on BT Group PLC in a report on Thursday, July 13th. They issued a buy rating and a GBX 390 ($5.04) price objective on the stock. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a GBX 340 ($4.39) price objective on shares of BT Group PLC in a report on Monday, July 17th. Zacks Investment Research upgraded BT Group PLC from a sell rating to a hold rating in a report on Wednesday, August 16th. Finally, Berenberg Bank cut their price objective on BT Group PLC from GBX 400 ($5.17) to GBX 343 ($4.43) and set a hold rating on the stock in a report on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $339.22.
BT Group PLC (NYSE:BT) opened at 18.94 on Friday. BT Group PLC has a 12 month low of $18.06 and a 12 month high of $26.76. The company has a market cap of $37.65 billion, a P/E ratio of 18.30 and a beta of 1.06. The firm has a 50-day moving average price of $19.83 and a 200 day moving average price of $19.85.
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Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of BT Group PLC in the 2nd quarter valued at about $129,000. Creative Planning lifted its holdings in shares of BT Group PLC by 5.9% in the 2nd quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 377 shares during the last quarter. Rational Advisors LLC lifted its holdings in shares of BT Group PLC by 14.3% in the 1st quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 997 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of BT Group PLC in the 1st quarter valued at about $205,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of BT Group PLC in the 1st quarter valued at about $211,000. 0.99% of the stock is owned by institutional investors and hedge funds.
About BT Group PLC
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