BT Group plc Hits New 52-Week High at $56.80 (BT)
Shares of BT Group plc (NYSE:BT) hit a new 52-week high during mid-day trading on Monday, American Banking News reports. The stock traded as high as $56.80 and last traded at $56.62, with a volume of 107,410 shares trading hands. The stock had previously closed at $55.81.
Separately, analysts at Zacks downgraded shares of BT Group plc from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $54.90 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $52.56.
BT Group plc has a one year low of $34.16 and a one year high of $56.80. The stock’s 50-day moving average is $54. and its 200-day moving average is $49.2. The company has a market cap of $44.377 billion and a price-to-earnings ratio of 14.06.
BT Group plc is a communications services company. The Company is engaged in providing and managing data and voice networks and providing a range of services over these networks.
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