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

Other analysts have also issued research reports about the company. Societe Generale reaffirmed a “buy” rating and issued a GBX 545 ($7.11) target price on shares of BT Group PLC in a research note on Monday, June 13th. Berenberg Bank cut their target price on BT Group PLC from GBX 535 ($6.98) to GBX 506 ($6.60) and set a “buy” rating for the company in a research note on Monday, June 13th. Haitong Bank reaffirmed a “buy” rating and issued a GBX 600 ($7.83) target price on shares of BT Group PLC in a research note on Tuesday, June 7th. Citigroup Inc. raised BT Group PLC from a “neutral” rating to a “buy” rating in a research note on Monday, June 27th. Finally, Zacks Investment Research raised BT Group PLC from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $453.39.

BT Group PLC (NYSE:BT) traded up 0.75% during mid-day trading on Monday, reaching $25.36. 430,942 shares of the company traded hands. The stock has a market capitalization of $50.38 billion, a price-to-earnings ratio of 13.01 and a beta of 1.09. BT Group PLC has a 12-month low of $24.36 and a 12-month high of $37.69. The company’s 50-day moving average is $26.12 and its 200-day moving average is $29.47.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/bt-group-plc-bt-downgraded-by-thestreet.html

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in shares of BT Group PLC by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 548,923 shares of the company’s stock valued at $17,609,000 after buying an additional 23,383 shares during the last quarter. Douglass Winthrop Advisors LLC bought a new position in shares of BT Group PLC during the second quarter valued at $214,000. Glenmede Trust Co. NA increased 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. Envestnet Asset Management Inc. increased its position in shares of BT Group PLC by 32.8% in the first quarter. Envestnet Asset Management Inc. now owns 323,668 shares of the company’s stock valued at $10,383,000 after buying an additional 79,870 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of BT Group PLC by 4.5% in the first quarter. Renaissance Technologies LLC now owns 3,871,801 shares of the company’s stock valued at $124,207,000 after buying an additional 165,101 shares during the last quarter. Hedge funds and other institutional investors own 1.22% of the company’s stock.

About BT Group PLC

5 Day Chart for NYSE:BT

Receive News & Ratings for BT Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.