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

Several equities research analysts have recently issued reports on BT shares. HSBC reissued a “buy” rating and issued a GBX 540 ($7.17) price objective on shares of BT Group PLC in a research report on Tuesday, April 19th. Haitong Bank reissued a “buy” rating and issued a GBX 600 ($7.97) price objective on shares of BT Group PLC in a research report on Thursday, April 14th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of BT Group PLC in a research report on Friday, May 6th. Finally, Beaufort Securities reissued a “buy” rating on shares of BT Group PLC in a research report on Friday, May 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $474.83.

The firm’s 50 day moving average is $30.15 and its 200 day moving average is $32.37. The stock has a market cap of $51.70 billion and a PE ratio of 13.27.

Other institutional investors have recently added to or reduced their stakes in the company. Stephens Inc. AR raised its position 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. US Bancorp DE raised its position in shares of BT Group PLC by 97.5% in the fourth quarter. US Bancorp DE now owns 97,417 shares of the company’s stock worth $3,372,000 after buying an additional 48,080 shares during the period. Alpine Woods Capital Investors LLC raised its position in shares of BT Group PLC by 174.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 619,500 shares of the company’s stock worth $21,441,000 after buying an additional 393,900 shares during the period. Eaton Vance Management raised its position in shares of BT Group PLC by 98.7% in the fourth quarter. Eaton Vance Management now owns 68,624 shares of the company’s stock worth $2,375,000 after buying an additional 34,096 shares during the period. Finally, Freestone Capital Holdings LLC raised its position in shares of 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 during the period.

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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