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BT Group plc (NYSE:BT)’s share price reached a new 52-week high during trading hours on Wednesday, Stock Ratings News reports. The company traded as high as $63.81 and last traded at $63.78, with a volume of 50,461 shares traded. The stock had previously closed at $62.91.

A number of research firms have recently commented on BT. Analysts at Zacks upgraded shares of BT Group plc from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 15th. They now have a $66.20 price target on the stock. Separately, 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, January 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. BT Group plc currently has an average rating of “Buy” and a consensus price target of $39.27.

BT Group plc has a one year low of $38.55 and a one year high of $63.85. The stock has a 50-day moving average of $62.03 and a 200-day moving average of $56.8. The company has a market cap of $50.157 billion and a P/E ratio of 15.31.

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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