BT Group (NYSE:BT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of BT Group from a “hold” rating to a “buy” rating in a research report on Monday, November 27th. Citigroup reaffirmed a “neutral” rating on shares of BT Group in a research report on Friday, November 24th. Credit Suisse Group cut their price objective on shares of BT Group from GBX 320 ($4.31) to GBX 280 ($3.77) and set a “neutral” rating on the stock in a research report on Tuesday, November 7th. Beaufort Securities lowered shares of BT Group to a “hold” rating and cut their price objective for the company from GBX 340 ($4.58) to GBX 265 ($3.57) in a research report on Friday, November 3rd. Finally, Deutsche Bank reaffirmed a “sell” rating and set a GBX 265 ($3.57) price objective on shares of BT Group in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. BT Group presently has a consensus rating of “Hold” and an average target price of $317.18.

BT Group (BT) traded up $0.02 during midday trading on Tuesday, hitting $18.06. 746,800 shares of the stock were exchanged, compared to its average volume of 743,939. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $35,781.68, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 5.03 and a beta of 0.99. BT Group has a 1-year low of $16.15 and a 1-year high of $24.65.

Hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP grew its stake in shares of BT Group by 166.0% in the third quarter. Susquehanna International Group LLP now owns 153,200 shares of the utilities provider’s stock worth $2,948,000 after acquiring an additional 95,600 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of BT Group by 70.2% in the third quarter. Cubist Systematic Strategies LLC now owns 41,732 shares of the utilities provider’s stock worth $803,000 after acquiring an additional 17,210 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of BT Group by 10.2% in the third quarter. Wells Fargo & Company MN now owns 431,485 shares of the utilities provider’s stock worth $8,302,000 after acquiring an additional 40,037 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of BT Group by 6.4% in the third quarter. Pacer Advisors Inc. now owns 88,586 shares of the utilities provider’s stock worth $1,704,000 after acquiring an additional 5,319 shares during the last quarter. Finally, Berkeley Capital Partners LLC grew its stake in shares of BT Group by 10.5% in the third quarter. Berkeley Capital Partners LLC now owns 36,086 shares of the utilities provider’s stock worth $694,000 after acquiring an additional 3,434 shares during the last quarter. Institutional investors own 0.96% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “BT Group (BT) Upgraded to Hold by Zacks Investment Research” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/12/12/bt-group-bt-upgraded-to-hold-by-zacks-investment-research.html.

BT Group Company Profile

Get a free copy of the Zacks research report on BT Group (BT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for BT Group (NYSE:BT)

Receive News & Ratings for BT Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group and related companies with MarketBeat.com's FREE daily email newsletter.