BT Group PLC (NYSE:BT)‘s stock had its “underperform” rating reissued by BNP Paribas in a research note issued to investors on Thursday, StockTargetPrices.com reports. They currently have a GBX 240 ($3.10) target price on the utilities provider’s stock.

Several other equities analysts also recently issued reports on BT. Goldman Sachs Group, Inc. (The) dropped their price target on shares of BT Group PLC from GBX 350 ($4.52) to GBX 340 ($4.39) and set a “neutral” rating for the company in a research note on Wednesday, May 24th. Exane BNP Paribas downgraded shares of BT Group PLC from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 25th. Citigroup Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a research note on Monday, May 29th. Jefferies Group LLC dropped their price target on shares of BT Group PLC from GBX 325 ($4.20) to GBX 280 ($3.62) and set a “hold” rating for the company in a research note on Wednesday, May 31st. Finally, Morgan Stanley downgraded shares of BT Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 31st. 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. BT Group PLC presently has an average rating of “Hold” and a consensus price target of $340.06.

Shares of BT Group PLC (NYSE BT) traded up 1.78% during mid-day trading on Thursday, hitting $19.48. 1,008,457 shares of the company’s stock traded hands. The company has a market cap of $38.72 billion, a PE ratio of 18.82 and a beta of 1.06. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.35. The firm has a 50-day moving average of $19.51 and a 200 day moving average of $19.78.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in BT Group PLC during the second quarter worth about $129,000. Creative Planning boosted its holdings in BT Group PLC by 5.9% during the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 377 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in BT Group PLC during the first quarter worth about $205,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in BT Group PLC during the first quarter worth about $211,000. Finally, Stephens Inc. AR purchased a new position in BT Group PLC during the first quarter worth about $218,000. Hedge funds and other institutional investors own 0.99% of the company’s stock.

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