BT Group PLC (NYSE:BT)‘s stock had its “outperform” rating reissued by analysts at Macquarie in a research report issued on Tuesday.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of BT Group PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. 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. Citigroup Inc. reissued a “buy” rating on shares of BT Group PLC in a research report on Monday, May 29th. Finally, Deutsche Bank AG reissued a “sell” rating and issued a GBX 265 ($3.42) price objective on shares of BT Group PLC in a research report on Monday, July 24th. Three equities research 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 stock currently has an average rating of “Hold” and a consensus target price of $339.22.

BT Group PLC (BT) opened at 18.91 on Tuesday. The stock’s 50 day moving average is $19.68 and its 200 day moving average is $19.81. The company has a market capitalization of $37.59 billion, a P/E ratio of 18.27 and a beta of 1.06. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.34.

TRADEMARK VIOLATION WARNING: “BT Group PLC’s (BT) Outperform Rating Reiterated at Macquarie” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/12/bt-group-plcs-bt-outperform-rating-reiterated-at-macquarie.html.

Several hedge funds and other institutional investors have recently bought and sold shares of BT. Arrowstreet Capital Limited Partnership raised its stake in shares of BT Group PLC by 1,839.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after acquiring an additional 994,311 shares in the last quarter. Sit Investment Associates Inc. raised its stake in shares of BT Group PLC by 1,068.7% during the 2nd quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock worth $13,996,000 after acquiring an additional 659,380 shares in the last quarter. Jane Street Group LLC bought a new position in shares of BT Group PLC during the 1st quarter worth approximately $12,554,000. Royal Bank of Canada raised its stake in shares of BT Group PLC by 22.8% during the 2nd quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock worth $24,166,000 after acquiring an additional 230,781 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of BT Group PLC by 325.9% during the 2nd quarter. Bank of Montreal Can now owns 199,604 shares of the utilities provider’s stock worth $3,875,000 after acquiring an additional 152,742 shares in the last quarter. Hedge funds and other institutional investors own 0.99% of the company’s stock.

BT Group PLC Company Profile

Analyst Recommendations for BT Group PLC (NYSE:BT)

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.