BT Group PLC (NYSE:BT) Rating Increased to Hold at BidaskClub
BT Group PLC (NYSE:BT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.
Several other analysts have also recently commented on the company. Beaufort Securities reduced their target price on BT Group PLC from GBX 390 ($5.05) to GBX 340 ($4.40) and set a “buy” rating on the stock in a report on Friday, May 12th. Zacks Investment Research upgraded BT Group PLC from a “sell” rating to a “hold” rating in a report on Monday, April 17th. Deutsche Bank AG reiterated a “sell” rating on shares of BT Group PLC in a report on Friday, April 28th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 330 ($4.27) target price on shares of BT Group PLC in a report on Monday, March 13th. Finally, Exane BNP Paribas cut BT Group PLC from a “neutral” rating to an “underperform” rating in a report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. BT Group PLC currently has a consensus rating of “Hold” and an average target price of $348.12.
Shares of BT Group PLC (NYSE:BT) traded down 0.05% on Wednesday, hitting $18.82. 552,428 shares of the stock traded hands. The stock has a 50 day moving average of $19.56 and a 200-day moving average of $20.61. BT Group PLC has a 1-year low of $18.06 and a 1-year high of $27.83. The stock has a market cap of $37.23 billion, a PE ratio of 15.18 and a beta of 1.04.
BT Group PLC (NYSE:BT) last released its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.88 billion. BT Group PLC had a return on equity of 36.64% and a net margin of 8.48%. On average, equities research analysts expect that BT Group PLC will post $3.83 EPS for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 11th will be paid a $0.6804 dividend. The ex-dividend date is Wednesday, August 9th. This represents a yield of 6.86%. BT Group PLC’s dividend payout ratio (DPR) is presently 70.87%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in BT. Raymond James Financial Services Advisors Inc. acquired a new position in shares of BT Group PLC during the first quarter worth about $316,000. Stevens Capital Management LP increased its position in shares of BT Group PLC by 122.8% in the first quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock worth $493,000 after buying an additional 13,536 shares during the period. Capstone Asset Management Co. increased its position in shares of BT Group PLC by 6.8% in the first quarter. Capstone Asset Management Co. now owns 163,993 shares of the utilities provider’s stock worth $3,295,000 after buying an additional 10,420 shares during the period. FMR LLC increased its position in shares of BT Group PLC by 15.9% in the fourth quarter. FMR LLC now owns 399,758 shares of the utilities provider’s stock worth $9,206,000 after buying an additional 54,830 shares during the period. Finally, Bollard Group LLC increased its position in shares of BT Group PLC by 1.4% in the first quarter. Bollard Group LLC now owns 46,540 shares of the utilities provider’s stock worth $935,000 after buying an additional 664 shares during the period. Hedge funds and other institutional investors own 1.01% of the company’s stock.
About BT Group PLC
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