BT Group PLC (NYSE:BT) was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating in a research note issued on Monday, The Fly reports.

Several other research firms also recently commented on BT. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 330 ($4.17) price objective on shares of BT Group PLC in a report on Monday, March 13th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 425 ($5.38) price objective on shares of BT Group PLC in a report on Monday, March 13th. Deutsche Bank AG reiterated a “sell” rating on shares of BT Group PLC in a report on Monday, March 13th. Barclays PLC reiterated an “overweight” rating and issued a GBX 475 ($6.01) price objective on shares of BT Group PLC in a report on Monday, March 13th. Finally, Haitong Bank reiterated a “buy” rating and issued a GBX 445 ($5.63) price objective on shares of BT Group PLC in a report on Monday, February 27th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. BT Group PLC presently has an average rating of “Hold” and an average price target of $344.59.

Analyst Recommendations for BT Group PLC (NYSE:BT)

BT Group PLC (BT) traded down 0.95% during trading on Monday, hitting $18.74. The stock had a trading volume of 308,808 shares. The stock has a market capitalization of $37.07 billion, a P/E ratio of 15.30 and a beta of 1.03. BT Group PLC has a 52 week low of $18.72 and a 52 week high of $32.85. The company has a 50-day moving average of $19.92 and a 200-day moving average of $20.87.

BT Group PLC (NYSE:BT) last issued its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. BT Group PLC had a return on equity of 36.64% and a net margin of 8.48%. The firm had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.88 billion. On average, equities analysts expect that BT Group PLC will post $3.83 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 11th will be given a $0.6804 dividend. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 6.86%. BT Group PLC’s dividend payout ratio is currently 70.87%.

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Several hedge funds have recently modified their holdings of the company. Menora Mivtachim Holdings LTD. bought a new stake in shares of BT Group PLC during the fourth quarter worth approximately $115,000. Quadrant Capital Group LLC boosted its stake in shares of BT Group PLC by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock worth $145,000 after buying an additional 6,254 shares in the last quarter. Rational Advisors LLC boosted its stake in shares of BT Group PLC by 14.3% in the first quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock worth $160,000 after buying an additional 997 shares in the last quarter. Tyers Asset Management LLC bought a new stake in shares of BT Group PLC during the fourth quarter worth approximately $196,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of BT Group PLC during the first quarter worth approximately $205,000. 1.01% of the stock is currently owned by hedge funds and other institutional investors.

BT Group PLC Company Profile

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