BT Group PLC (NYSE:BT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. “

A number of other brokerages also recently issued reports on BT. Deutsche Bank AG reiterated a “sell” rating on shares of BT Group PLC in a report on Friday, April 28th. BidaskClub upgraded shares of BT Group PLC from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Citigroup Inc. reiterated a “buy” rating on shares of BT Group PLC in a report on Monday, May 29th. Jefferies Group LLC reiterated a “hold” rating and issued a GBX 325 ($4.22) price target on shares of BT Group PLC in a report on Friday, April 21st. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 330 ($4.28) price target on shares of BT Group PLC in a report on Thursday, June 8th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $339.33.

BT Group PLC (NYSE:BT) traded down 0.41% during mid-day trading on Wednesday, reaching $19.24. 543,889 shares of the company traded hands. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.76. The stock’s 50 day moving average price is $19.87 and its 200 day moving average price is $19.89. The firm has a market capitalization of $38.24 billion, a price-to-earnings ratio of 18.15 and a beta of 1.05.

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Several large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in BT Group PLC during the second quarter valued at about $1,118,000. Raymond James Financial Services Advisors Inc. boosted its stake in BT Group PLC by 7.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock valued at $329,000 after buying an additional 1,204 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in BT Group PLC by 1,839.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock valued at $20,349,000 after buying an additional 994,311 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in BT Group PLC by 16.2% in the second quarter. Cubist Systematic Strategies LLC now owns 24,522 shares of the utilities provider’s stock valued at $476,000 after buying an additional 3,417 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in BT Group PLC by 22.8% in the second quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock valued at $24,166,000 after buying an additional 230,781 shares in the last quarter. 1.03% of the stock is currently owned by institutional investors.

BT Group PLC Company Profile

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