UBS Upgrades BT Group (BT) to “Buy”
BT Group (NYSE:BT) was upgraded by equities researchers at UBS from a “neutral” rating to a “buy” rating in a report released on Wednesday, The Fly reports.
A number of other research firms also recently weighed in on BT. BidaskClub downgraded shares of BT Group from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Numis Securities reiterated a “buy” rating and issued a GBX 390 ($5.25) price target on shares of BT Group in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of BT Group from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, October 2nd. ValuEngine upgraded shares of BT Group from a “hold” rating to a “buy” rating in a research report on Monday, November 27th. Finally, Jefferies Group lowered their price objective on shares of BT Group from GBX 280 ($3.77) to GBX 265 ($3.57) and set a “hold” rating for the company in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $317.18.
BT Group (BT) traded up $0.03 during midday trading on Wednesday, hitting $18.09. 955,300 shares of the stock were exchanged, compared to its average volume of 744,823. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. BT Group has a 52 week low of $16.15 and a 52 week high of $24.65. The firm has a market capitalization of $35,821.34, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 5.04 and a beta of 0.99.
ILLEGAL ACTIVITY WARNING: “UBS Upgrades BT Group (BT) to “Buy”” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/12/13/ubs-upgrades-bt-group-bt-to-buy.html.
About BT Group
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.