BT Group plc (NYSE:BT) was downgraded by stock analysts at BNP Paribas from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday.

BT has been the topic of several other reports. HSBC Holdings plc reduced their target price on BT Group plc from GBX 420 ($5.46) to GBX 370 ($4.81) and set a “buy” rating on the stock in a report on Friday, April 21st. Barclays PLC reissued an “overweight” rating and issued a GBX 475 ($6.18) target price on shares of BT Group plc in a report on Thursday, February 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 465 ($6.05) target price on shares of BT Group plc in a report on Tuesday, March 7th. Berenberg Bank reissued a “hold” rating on shares of BT Group plc in a report on Monday, May 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 330 ($4.29) price objective on shares of BT Group plc in a report on Thursday, February 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $348.88.

Analyst Recommendations for BT Group plc (NYSE:BT)

BT Group plc (NYSE:BT) traded up 0.10% during mid-day trading on Thursday, reaching $20.44. The company had a trading volume of 1,053,680 shares. The stock has a market capitalization of $40.66 billion, a price-to-earnings ratio of 16.69 and a beta of 1.07. The company’s 50 day moving average is $20.03 and its 200 day moving average is $21.23. BT Group plc has a 52-week low of $19.14 and a 52-week high of $33.50.

BT Group plc (NYSE:BT) last announced its earnings results on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.88 billion. BT Group plc had a return on equity of 35.80% and a net margin of 10.29%. Equities analysts predict that BT Group plc will post $3.83 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the stock. Guardian Capital Advisors LP boosted its stake in shares of BT Group plc by 16.0% in the fourth quarter. Guardian Capital Advisors LP now owns 14,150 shares of the utilities provider’s stock valued at $344,000 after buying an additional 1,950 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of BT Group plc by 0.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 73,048 shares of the utilities provider’s stock valued at $1,684,000 after buying an additional 525 shares during the last quarter. Tyers Asset Management LLC acquired a new stake in shares of BT Group plc during the fourth quarter valued at approximately $196,000. Elkfork Partners LLC acquired a new stake in shares of BT Group plc during the fourth quarter valued at approximately $270,000. Finally, Pinnacle Associates Ltd. boosted its stake in shares of BT Group plc by 9.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 23,074 shares of the utilities provider’s stock valued at $531,000 after buying an additional 2,029 shares during the last quarter. Institutional investors own 1.10% of the company’s stock.

BT Group plc Company Profile

12 Month Chart for NYSE:BT

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