BT Group PLC (NYSE:BT) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also weighed in on BT. Deutsche Bank AG restated a “sell” rating and issued a GBX 275 ($3.57) target price on shares of BT Group PLC in a research report on Friday, April 21st. HSBC Holdings plc cut their target price on shares of BT Group PLC from GBX 420 ($5.45) to GBX 370 ($4.80) and set a “buy” rating on the stock in a research report on Friday, April 21st. Jefferies Group LLC restated a “hold” rating and issued a GBX 325 ($4.22) target price on shares of BT Group PLC in a research report on Friday, April 21st. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 330 ($4.28) target price on shares of BT Group PLC in a research report on Friday, April 21st. Finally, Credit Suisse Group restated a “neutral” rating and issued a GBX 340 ($4.41) target price on shares of BT Group PLC in a research report on Friday, April 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $339.33.

Shares of BT Group PLC (NYSE BT) traded up 0.16% during mid-day trading on Friday, hitting $19.07. 597,526 shares of the company’s stock traded hands. The firm has a 50-day moving average of $19.87 and a 200 day moving average of $19.88. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.76. The company has a market cap of $37.90 billion, a PE ratio of 18.25 and a beta of 1.05.

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A number of large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP bought a new stake in BT Group PLC during the second quarter valued at $1,118,000. Raymond James Financial Services Advisors Inc. increased 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 during the period. Arrowstreet Capital Limited Partnership increased 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 during the period. Cubist Systematic Strategies LLC increased 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 during the period. Finally, Royal Bank of Canada increased 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 during the period. 1.03% of the stock is owned by hedge funds and other institutional investors.

BT Group PLC Company Profile

Analyst Recommendations for BT Group PLC (NYSE:BT)

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