Shares of BT Group plc (NYSE:BT) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $16.02 and last traded at $16.03, with a volume of 1162365 shares trading hands. The stock had previously closed at $16.30.

BT has been the topic of several recent analyst reports. Numis Securities reaffirmed a “buy” rating and issued a GBX 390 ($5.47) price target on shares of BT Group in a report on Tuesday, October 24th. Jefferies Group cut their price target on shares of BT Group from GBX 280 ($3.93) to GBX 265 ($3.72) and set a “hold” rating on the stock in a report on Wednesday, October 25th. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 265 ($3.72) price target on shares of BT Group in a report on Thursday, October 26th. Zacks Investment Research cut shares of BT Group from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Beaufort Securities lowered shares of BT Group to a “hold” rating and lowered their target price for the company from GBX 340 ($4.77) to GBX 265 ($3.72) in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. BT Group currently has a consensus rating of “Hold” and a consensus target price of $317.12.

The firm has a market cap of $31,410.00, a price-to-earnings ratio of 13.80 and a beta of 0.92. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.77 and a quick ratio of 0.75.

Hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC acquired a new stake in BT Group in the fourth quarter worth about $197,000. First Allied Advisory Services Inc. acquired a new stake in BT Group in the fourth quarter worth about $204,000. Cambridge Investment Research Advisors Inc. acquired a new stake in BT Group in the third quarter worth about $224,000. FDx Advisors Inc. acquired a new stake in BT Group in the third quarter worth about $233,000. Finally, Virtu Financial LLC acquired a new stake in BT Group in the fourth quarter worth about $317,000. 0.93% of the stock is owned by institutional investors and hedge funds.

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About BT Group

BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.

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