BT Group PLC (NYSE:BT) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Monday.

Several other research firms also recently commented on BT. Macquarie lowered their target price on shares of BT Group PLC from GBX 375 ($4.89) to GBX 360 ($4.70) and set an “underperform” rating on the stock in a report on Tuesday, May 24th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 410 ($5.35) target price on shares of BT Group PLC in a report on Friday, May 27th. Morgan Stanley lowered their target price on shares of BT Group PLC from GBX 500 ($6.53) to GBX 480 ($6.27) and set an “equal weight” rating on the stock in a report on Friday, June 3rd. Haitong Bank reissued a “buy” rating and issued a GBX 600 ($7.83) target price on shares of BT Group PLC in a report on Tuesday, June 7th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 600 ($7.83) target price on shares of BT Group PLC in a report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $453.39.

BT Group PLC (NYSE:BT) traded up 0.75% during midday trading on Monday, hitting $25.36. 430,942 shares of the stock traded hands. The firm’s 50-day moving average is $26.12 and its 200-day moving average is $29.47. The company has a market cap of $50.38 billion, a price-to-earnings ratio of 13.01 and a beta of 1.09. BT Group PLC has a 52-week low of $24.36 and a 52-week high of $37.69.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Trust N.A. boosted its position in shares of BT Group PLC by 9.8% in the first quarter. Raymond James Trust N.A. now owns 9,084 shares of the company’s stock valued at $291,000 after buying an additional 809 shares during the last quarter. RDL Financial Inc. acquired a new position in shares of BT Group PLC during the first quarter valued at about $2,825,000. Glenmede Trust Co. NA boosted its position in shares of BT Group PLC by 136.4% in the first quarter. Glenmede Trust Co. NA now owns 131,618 shares of the company’s stock valued at $4,221,000 after buying an additional 75,943 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in shares of BT Group PLC by 10.3% in the first quarter. Commonwealth Equity Services Inc now owns 14,638 shares of the company’s stock valued at $470,000 after buying an additional 1,365 shares during the last quarter. Finally, Thomas White International Ltd. boosted its position in shares of BT Group PLC by 2.3% in the first quarter. Thomas White International Ltd. now owns 282,061 shares of the company’s stock valued at $9,049,000 after buying an additional 6,288 shares during the last quarter. Institutional investors own 1.22% of the company’s stock.

About BT Group PLC

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