Shares of BT Group PLC (NYSE:BT) saw an uptick in trading volume on Wednesday . 774,665 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 724,731 shares.The stock last traded at $26.04 and had previously closed at $26.15.

Several brokerages recently weighed in on BT. Haitong Bank reissued a “buy” rating and issued a GBX 600 ($7.96) price objective on shares of BT Group PLC in a research note on Wednesday. Deutsche Bank AG reissued a “sell” rating and issued a GBX 410 ($5.44) price objective on shares of BT Group PLC in a research note on Wednesday. Goldman Sachs Group Inc. reissued a “buy” rating on shares of BT Group PLC in a research note on Monday. Zacks Investment Research cut shares of BT Group PLC from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of BT Group PLC from GBX 530 ($7.03) to GBX 490 ($6.50) and set an “overweight” rating on the stock in a research note on Thursday, June 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $474.50.

The company has a market cap of $51.70 billion and a PE ratio of 13.30. The firm’s 50-day moving average is $28.64 and its 200 day moving average is $31.86.

A number of hedge funds and institutional investors have recently modified their holdings of BT. Morgan Stanley boosted its position in shares of BT Group PLC by 103.1% in the fourth quarter. Morgan Stanley now owns 2,000,588 shares of the company’s stock valued at $69,239,000 after buying an additional 1,015,752 shares during the period. Alpine Woods Capital Investors LLC boosted 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 valued at $21,441,000 after buying an additional 393,900 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of BT Group PLC by 100.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 435,954 shares of the company’s stock valued at $15,088,000 after buying an additional 217,977 shares during the period. Renaissance Group LLC boosted its position 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 period. Finally, Palladium Partners LLC boosted its position in shares of BT Group PLC by 99.1% in the fourth quarter. Palladium Partners LLC now owns 113,440 shares of the company’s stock valued at $3,927,000 after buying an additional 56,470 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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