BT Group PLC’s (BT) Buy Rating Reiterated at Goldman Sachs Group Inc.
BT Group PLC (NYSE:BT)‘s stock had its “buy” rating restated by analysts at Goldman Sachs Group Inc. in a note issued to investors on Tuesday.
BT has been the topic of several other reports. Haitong Bank decreased their price target on shares of BT Group PLC from GBX 600 ($7.31) to GBX 560 ($6.83) and set a “buy” rating on the stock in a research report on Tuesday, August 2nd. Macquarie downgraded shares of BT Group PLC from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $360.00 to $310.00 in a research report on Friday, October 7th. Barclays PLC restated an “overweight” rating on shares of BT Group PLC in a research report on Tuesday, August 23rd. Deutsche Bank AG restated a “sell” rating and set a GBX 410 ($5.00) price objective on shares of BT Group PLC in a research report on Wednesday, July 20th. Finally, Zacks Investment Research downgraded shares of BT Group PLC from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. BT Group PLC has a consensus rating of “Hold” and an average price target of $451.17.
Shares of BT Group PLC (NYSE:BT) traded up 2.23% on Tuesday, hitting $23.85. The stock had a trading volume of 480,891 shares. The firm has a 50-day moving average of $25.07 and a 200 day moving average of $28.39. The company has a market capitalization of $47.38 billion, a PE ratio of 12.82 and a beta of 1.14. BT Group PLC has a 1-year low of $22.49 and a 1-year high of $37.69.
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A number of large investors have recently made changes to their positions in the stock. Miller Howard Investments Inc. NY bought a new stake in shares of BT Group PLC during the second quarter worth $7,453,000. Thornburg Investment Management Inc. bought a new stake in shares of BT Group PLC during the second quarter worth $6,736,000. Renaissance Technologies LLC raised its stake 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 worth $124,207,000 after buying an additional 165,101 shares during the last quarter. Royal Bank of Canada raised its stake in shares of BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock worth $23,796,000 after buying an additional 122,967 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of BT Group PLC during the first quarter worth $3,305,000. Institutional investors own 1.17% of the company’s stock.
About BT Group PLC
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