BT Group PLC (NYSE:BT) had its price target cut by equities research analysts at BNP Paribas from GBX 260 ($3.40) to GBX 240 ($3.13) in a note issued to investors on Tuesday, StockTargetPrices.com reports. The brokerage currently has an “underperform” rating on the utilities provider’s stock.

Other equities research analysts also recently issued research reports about the stock. HSBC Holdings plc reduced their price objective on shares of BT Group PLC from GBX 420 ($5.48) to GBX 370 ($4.83) and set a “buy” rating for the company in a report on Friday, April 21st. Zacks Investment Research raised shares of BT Group PLC from a “sell” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, May 8th. Beaufort Securities reduced their price objective on shares of BT Group PLC from GBX 390 ($5.09) to GBX 340 ($4.44) and set a “buy” rating for the company in a report on Friday, May 12th. Citigroup Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a report on Monday, May 15th. Finally, ValuEngine raised shares of BT Group PLC from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $343.78.

Shares of BT Group PLC (NYSE:BT) opened at 19.89 on Tuesday. BT Group PLC has a 1-year low of $18.06 and a 1-year high of $27.83. The stock has a 50 day moving average of $19.56 and a 200 day moving average of $20.61. The firm has a market cap of $39.34 billion, a PE ratio of 16.04 and a beta of 1.04.

BT Group PLC (NYSE:BT) last announced its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. BT Group PLC had a net margin of 8.48% and a return on equity of 36.64%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.88 billion. Equities research analysts anticipate that BT Group PLC will post $3.83 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in BT. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of BT Group PLC during the first quarter valued at approximately $316,000. Stevens Capital Management LP boosted its stake 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 valued at $493,000 after buying an additional 13,536 shares during the last quarter. Capstone Asset Management Co. boosted its stake 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 valued at $3,295,000 after buying an additional 10,420 shares during the last quarter. FMR LLC boosted its stake 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 valued at $9,206,000 after buying an additional 54,830 shares during the last quarter. Finally, Bollard Group LLC boosted its stake 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 valued at $935,000 after buying an additional 664 shares during the last quarter. 1.02% of the stock is owned by institutional investors and hedge funds.

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