BT Group PLC’s (BT) Sell Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reiterated their sell rating on shares of BT Group PLC (NYSE:BT) in a research report sent to investors on Thursday morning, StockTargetPrices.com reports. They currently have a GBX 265 ($3.42) target price on the utilities provider’s stock.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded BT Group PLC from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Monday, August 28th. BidaskClub upgraded BT Group PLC from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. Citigroup Inc. restated a buy rating on shares of BT Group PLC in a research note on Monday, May 29th. J P Morgan Chase & Co restated a neutral rating and issued a GBX 330 ($4.26) price target on shares of BT Group PLC in a research note on Thursday, June 8th. Finally, Bank of America Corporation downgraded BT Group PLC from a buy rating to a neutral rating in a research note on Monday, June 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. BT Group PLC currently has an average rating of Hold and a consensus price target of $340.06.
Shares of BT Group PLC (NYSE:BT) opened at 19.48 on Thursday. The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 18.82 and a beta of 1.06. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.35. The firm has a 50 day moving average price of $19.51 and a 200 day moving average price of $19.78.
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A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in shares of BT Group PLC in the second quarter worth about $129,000. Creative Planning increased its holdings in shares of BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 377 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of BT Group PLC in the first quarter worth about $205,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BT Group PLC in the first quarter worth about $211,000. Finally, Stephens Inc. AR bought a new stake in shares of BT Group PLC in the first quarter worth about $218,000. 0.99% of the stock is currently owned by institutional investors and hedge funds.
About BT Group PLC
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