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

BT has been the subject of a number of other research reports. Beaufort Securities cut BT Group PLC to a “long term buy” rating and set a GBX 340 ($4.40) price target for the company. in a report on Friday, July 21st. Berenberg Bank reissued a “hold” rating on shares of BT Group PLC in a report on Monday, May 15th. Zacks Investment Research cut BT Group PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Morgan Stanley cut BT Group PLC from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 31st. Finally, Citigroup Inc. reissued a “buy” rating on shares of BT Group PLC in a report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $339.22.

Shares of BT Group PLC (NYSE:BT) traded down 0.84% during mid-day trading on Friday, hitting $18.94. The stock had a trading volume of 476,498 shares. The stock has a 50 day moving average price of $19.83 and a 200 day moving average price of $19.85. The firm has a market cap of $37.65 billion, a PE ratio of 18.30 and a beta of 1.06. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.76.

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Several institutional investors have recently modified their holdings of BT. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 worth $20,349,000 after purchasing an additional 994,311 shares during the last quarter. Sit Investment Associates Inc. raised its stake in shares of BT Group PLC by 1,068.7% in the second quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock worth $13,996,000 after purchasing an additional 659,380 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of BT Group PLC in the first quarter worth approximately $12,554,000. Karp Capital Management Corp purchased a new stake in shares of BT Group PLC in the first quarter worth approximately $6,762,000. Finally, Royal Bank of Canada raised its stake in shares of 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 worth $24,166,000 after purchasing an additional 230,781 shares during the last quarter. 0.99% of the stock is owned by hedge funds and other institutional investors.

BT Group PLC Company Profile

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Analyst Recommendations for BT Group PLC (NYSE:BT)

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