BT Group plc Upgraded to Outperform by Zacks (BT)
BT Group plc (NYSE:BT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, Analyst RN reports. The firm currently has a $66.20 price objective on the stock. Zacks‘ price target points to a potential upside of 4.53% from the company’s current price.
Shares of BT Group plc (NYSE:BT) traded down 0.38% during mid-day trading on Wednesday, hitting $63.09. The stock had a trading volume of 49,633 shares. BT Group plc has a 52 week low of $38.35 and a 52 week high of $63.67. The stock’s 50-day moving average is $61.65 and its 200-day moving average is $56.36. The company has a market cap of $49.614 billion and a price-to-earnings ratio of 15.41.
A number of other firms have also recently commented on BT. Analysts at BNP Paribas downgraded shares of BT Group plc from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. Separately, analysts at Raymond James upgraded shares of BT Group plc from an “outperform” rating to a “strong-buy” rating in a research note to investors on Friday, December 6th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of BT Group plc from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, November 11th. They now have a $1.40 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. BT Group plc presently has a consensus rating of “Buy” and a consensus price target of $39.27.
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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.