BT Group PLC (BT) Downgraded to Underperform at Macquarie
BT Group PLC (NYSE:BT) was downgraded by investment analysts at Macquarie from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, The Fly reports.
Several other research firms have also weighed in on BT. Haitong Bank reissued a “buy” rating and set a GBX 560 ($7.31) price target on shares of BT Group PLC in a research report on Tuesday, September 27th. Societe Generale reaffirmed a “buy” rating and issued a GBX 500 ($6.53) target price on shares of BT Group PLC in a research report on Tuesday, August 9th. Citigroup Inc. raised BT Group PLC from a “neutral” rating to a “buy” rating in a research report on Monday, June 27th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating on shares of BT Group PLC in a research report on Thursday, June 16th. Finally, Berenberg Bank dropped their target price on BT Group PLC from GBX 535 ($6.98) to GBX 506 ($6.60) and set a “buy” rating on the stock in a research report on Monday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $453.94.
BT Group PLC (NYSE:BT) traded down 2.81% during midday trading on Friday, reaching $23.20. The company’s stock had a trading volume of 775,846 shares. The stock has a 50 day moving average of $25.69 and a 200 day moving average of $28.86. BT Group PLC has a 52 week low of $22.92 and a 52 week high of $37.69. The firm has a market capitalization of $46.09 billion, a PE ratio of 12.21 and a beta of 1.14.
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Several institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock worth $115,000 after buying an additional 1,027 shares during the last quarter. NEXT Financial Group Inc boosted its position in shares of BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock worth $149,000 after buying an additional 50 shares during the last quarter. Advisor Group Inc. bought a new position in shares of BT Group PLC during the second quarter worth about $169,000. Creative Planning boosted its position in shares of BT Group PLC by 394.9% in the second quarter. Creative Planning now owns 6,642 shares of the company’s stock worth $185,000 after buying an additional 5,300 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC bought a new position in shares of BT Group PLC during the second quarter worth about $214,000. 1.17% of the stock is owned by institutional investors and hedge funds.
About BT Group PLC
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