Macquarie reiterated their outperform rating on shares of BT Group PLC (NYSE:BT) in a report issued on Monday, StockTargetPrices.com reports.

Several other equities research analysts have also recently issued reports on the company. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a GBX 340 ($4.58) price objective on shares of BT Group PLC in a report on Monday. Zacks Investment Research upgraded BT Group PLC from a hold rating to a buy rating in a report on Friday, September 15th. Numis Securities Ltd reiterated a buy rating and issued a GBX 390 ($5.26) price objective on shares of BT Group PLC in a report on Thursday, September 14th. BNP Paribas reiterated an underperform rating and issued a GBX 240 ($3.24) price objective on shares of BT Group PLC in a report on Thursday, September 14th. Finally, Deutsche Bank AG reiterated a sell rating and issued a GBX 265 ($3.57) price objective on shares of BT Group PLC in a report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $340.11.

BT Group PLC (NYSE:BT) opened at 19.36 on Monday. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.35. The company has a market capitalization of $38.48 billion, a price-to-earnings ratio of 18.62 and a beta of 1.06. The company’s 50-day moving average price is $19.44 and its 200-day moving average price is $19.76.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. purchased a new stake in BT Group PLC in the first quarter valued at approximately $316,000. Stevens Capital Management LP raised its position in BT Group PLC by 122.8% in the first quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock valued at $493,000 after purchasing an additional 13,536 shares during the period. Freestone Capital Holdings LLC raised its position in BT Group PLC by 18.1% in the second quarter. Freestone Capital Holdings LLC now owns 172,691 shares of the utilities provider’s stock valued at $3,352,000 after purchasing an additional 26,410 shares during the period. Bank of Montreal Can raised 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 purchasing an additional 33,555 shares during the period. Finally, M&T Bank Corp raised its position in BT Group PLC by 191.3% in the first quarter. M&T Bank Corp now owns 70,240 shares of the utilities provider’s stock valued at $1,411,000 after purchasing an additional 46,125 shares during the period. 0.99% of the stock is currently owned by institutional investors.

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