BT Group PLC (NYSE:BT) shares were down 3.2% on Wednesday . The stock traded as low as $25.34 and last traded at $25.66, with a volume of 591,204 shares. The stock had previously closed at $26.52.

Several research analysts have weighed in on BT shares. Barclays PLC restated an “outperform” rating and set a GBX 410 ($5.45) target price on shares of BT Group PLC in a research report on Monday, March 28th. Haitong Bank restated a “buy” rating and set a GBX 600 ($7.97) target price on shares of BT Group PLC in a research report on Monday, April 25th. Credit Suisse Group AG lowered shares of BT Group PLC from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from GBX 510 ($6.77) to GBX 400 ($5.31) in a research report on Monday, June 27th. Zacks Investment Research upgraded shares of BT Group PLC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 23rd. Finally, Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of BT Group PLC in a research report on Thursday, June 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $474.83.

The company’s 50-day moving average price is $30.54 and its 200 day moving average price is $32.47. The firm has a market cap of $50.79 billion and a price-to-earnings ratio of 12.90.

Other institutional investors have made changes to their positions in the company. Reaves W H & Co. Inc. increased its position in shares of BT Group PLC by 14.2% in the fourth quarter. Reaves W H & Co. Inc. now owns 80,000 shares of the company’s stock valued at $2,769,000 after buying an additional 9,975 shares during the last quarter. First Trust Advisors LP increased its stake in BT Group PLC by 64.0% in the fourth quarter. First Trust Advisors LP now owns 52,885 shares of the company’s stock worth $1,830,000 after buying an additional 20,629 shares in the last quarter. Bollard Group LLC increased its stake in BT Group PLC by 100.0% in the fourth quarter. Bollard Group LLC now owns 42,306 shares of the company’s stock worth $1,464,000 after buying an additional 21,153 shares in the last quarter. Stephens Inc. AR increased its stake in BT Group PLC by 100.8% in the fourth quarter. Stephens Inc. AR now owns 42,414 shares of the company’s stock worth $1,468,000 after buying an additional 21,290 shares in the last quarter. Finally, Freestone Capital Holdings LLC increased its stake in BT Group PLC by 96.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 50,026 shares of the company’s stock worth $1,731,000 after buying an additional 24,537 shares in the last quarter.

BT Group plc is a communications services company. The Company’s activities are the provision of fixed-line services, broadband, mobile and television products and services, as well as managed networked information technology (IT) services in both the United Kingdom and across the globe. The Company operates in five segments: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach.

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