BT Group PLC (NYSE:BT) was downgraded by equities research analysts at Beaufort Securities to a “long term buy” rating in a research note issued to investors on Friday, StockTargetPrices.com reports. They currently have a GBX 340 ($4.44) target price on the utilities provider’s stock.

Other research analysts also recently issued research reports about the company. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 390 ($5.09) price objective on shares of BT Group PLC in a report on Wednesday. BNP Paribas decreased their price objective on BT Group PLC from GBX 260 ($3.40) to GBX 240 ($3.13) and set an “underperform” rating on the stock in a report on Tuesday. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 340 ($4.44) price objective on shares of BT Group PLC in a report on Monday, July 17th. Macquarie lifted their price objective on BT Group PLC from GBX 330 ($4.31) to GBX 340 ($4.44) and gave the stock an “outperform” rating in a report on Monday, July 17th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 290 ($3.79) price objective on shares of BT Group PLC in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. BT Group PLC currently has an average rating of “Hold” and an average target price of $343.78.

Shares of BT Group PLC (NYSE BT) traded down 0.59% during midday trading on Friday, reaching $20.23. The company had a trading volume of 317,230 shares. BT Group PLC has a one year low of $18.06 and a one year high of $27.83. The company has a market capitalization of $40.02 billion, a PE ratio of 16.18 and a beta of 1.04. The company has a 50 day moving average of $19.23 and a 200 day moving average of $20.24.

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, beating the Zacks’ 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 business had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.88 billion. Analysts predict that BT Group PLC will post $3.83 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in BT. FMR LLC raised 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 last quarter. Guggenheim Capital LLC purchased a new position in shares of BT Group PLC during the fourth quarter worth $393,000. Quadrant Capital Group LLC raised its position 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 during the last quarter. Bank of Montreal Can raised its position in shares of BT Group PLC by 252.2% in the first quarter. Bank of Montreal Can now owns 46,862 shares of the utilities provider’s stock worth $941,000 after buying an additional 33,555 shares during the last quarter. Finally, Capstone Asset Management Co. raised 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 last quarter. Institutional investors own 1.02% of the company’s stock.

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