BT Group PLC (BT) Receives Consensus Recommendation of “Hold” from Brokerages
BT Group PLC (NYSE:BT) has been given an average recommendation of “Hold” by the twenty-three brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $331.06.
A number of equities research analysts have issued reports on the company. Credit Suisse Group cut BT Group PLC to a “neutral” rating and cut their target price for the company from GBX 360 ($4.78) to GBX 310 ($4.12) in a research note on Monday, October 9th. Beaufort Securities cut BT Group PLC to a “long term buy” rating and set a GBX 340 ($4.52) target price on the stock. in a research note on Friday, July 21st. Zacks Investment Research cut BT Group PLC from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Macquarie reiterated an “outperform” rating and issued a GBX 355 ($4.72) target price on shares of BT Group PLC in a research note on Tuesday, September 12th. Finally, Citigroup Inc. lowered BT Group PLC from a “buy” rating to a “hold” rating in a report on Monday, October 9th.
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Several institutional investors have recently made changes to their positions in BT. Russell Investments Group Ltd. acquired a new stake in shares of BT Group PLC during the 2nd quarter valued at about $129,000. Creative Planning lifted its holdings in shares of BT Group PLC by 5.9% during the 2nd quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock valued at $131,000 after buying an additional 377 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of BT Group PLC by 3.2% during the 2nd quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock valued at $217,000 after buying an additional 343 shares during the last quarter. WealthTrust Axiom LLC acquired a new stake in shares of BT Group PLC during the 2nd quarter valued at about $227,000. Finally, M Holdings Securities Inc. acquired a new stake in shares of BT Group PLC during the 1st quarter valued at about $259,000. Institutional investors and hedge funds own 0.99% of the company’s stock.
BT Group PLC (NYSE:BT) opened at 18.19 on Thursday. The stock’s 50 day moving average is $18.97 and its 200-day moving average is $19.54. The firm has a market capitalization of $36.15 billion, a PE ratio of 17.16 and a beta of 1.04. BT Group PLC has a 1-year low of $18.05 and a 1-year high of $24.65.
About BT Group PLC
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