BT Group PLC (NYSE:BT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $22.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.47% from the company’s current price.

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. “

Several other equities research analysts also recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and set a GBX 280 ($3.78) price objective on shares of BT Group PLC in a research report on Tuesday. Macquarie reissued an “outperform” rating on shares of BT Group PLC in a research report on Monday. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 340 ($4.58) price objective on shares of BT Group PLC in a research report on Monday. Numis Securities Ltd reissued a “buy” rating and set a GBX 390 ($5.26) price objective on shares of BT Group PLC in a research report on Thursday, September 14th. Finally, BNP Paribas reissued an “underperform” rating and set a GBX 240 ($3.24) price objective on shares of BT Group PLC in a research report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $340.11.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Stephens Inc. AR raised its position in shares of BT Group PLC by 3.2% in the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 343 shares during the period. Creative Planning raised its position in shares of BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 377 shares during the period. Boston Common Asset Management LLC raised its position in shares of BT Group PLC by 2.8% in the first quarter. Boston Common Asset Management LLC now owns 31,062 shares of the utilities provider’s stock valued at $624,000 after purchasing an additional 845 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of 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 purchasing an additional 1,204 shares during the period. Finally, Comerica Bank raised its position in shares of BT Group PLC by 1.1% in the first quarter. Comerica Bank now owns 115,951 shares of the utilities provider’s stock valued at $2,325,000 after purchasing an additional 1,317 shares during the period. 0.99% of the stock is currently owned by institutional investors.

BT Group PLC Company Profile

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