BT Group PLC (NYSE:BT) gapped up prior to trading on Tuesday . The stock had previously closed at $25.44, but opened at $26.19. BT Group PLC shares last traded at $27.44, with a volume of 458,139 shares trading hands.

Several equities research analysts have recently weighed in on BT shares. Haitong Bank increased their price objective on BT Group PLC from GBX 570 ($7.39) to GBX 600 ($7.78) and gave the company a “buy” rating in a report on Wednesday, March 16th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 410 ($5.32) price objective on shares of BT Group PLC in a report on Monday, March 21st. Zacks Investment Research raised BT Group PLC from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 23rd. Barclays PLC reissued an “outperform” rating and issued a GBX 410 ($5.32) price objective on shares of BT Group PLC in a report on Monday, March 28th. Finally, Morgan Stanley decreased their price objective on BT Group PLC from GBX 550 ($7.13) to GBX 500 ($6.49) and set an “equal weight” rating for the company in a report on Thursday, March 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $474.83.

The company has a market cap of $53.89 billion and a price-to-earnings ratio of 14.23. The company’s 50 day moving average price is $29.65 and its 200-day moving average price is $32.18.

Other hedge funds have made changes to their positions in the company. First Trust Advisors LP increased its stake in shares of BT Group PLC by 64.0% in the fourth quarter. First Trust Advisors LP now owns 52,885 shares of the company’s stock valued at $1,830,000 after buying an additional 20,629 shares during the last quarter. Comerica Bank increased its stake in shares of BT Group PLC by 108.7% in the fourth quarter. Comerica Bank now owns 97,781 shares of the company’s stock valued at $3,304,000 after buying an additional 50,925 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of BT Group PLC by 100.0% in the fourth quarter. Gabelli Funds LLC now owns 100,000 shares of the company’s stock valued at $3,461,000 after buying an additional 50,000 shares during the last quarter. Renaissance Group LLC increased its stake in shares of BT Group PLC by 96.8% in the fourth quarter. Renaissance Group LLC now owns 433,030 shares of the company’s stock valued at $14,987,000 after buying an additional 213,001 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its stake 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.

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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