BT Group PLC (NYSE:BT) shares saw unusually-strong trading volume on Wednesday . Approximately 774,665 shares changed 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 equities research analysts have weighed in on BT shares. Haitong Bank reissued a “buy” rating and issued a GBX 600 ($7.96) price target on shares of BT Group PLC in a report on Monday, April 25th. HSBC reissued a “buy” rating and issued a GBX 540 ($7.16) price target on shares of BT Group PLC in a report on Tuesday, April 19th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of BT Group PLC in a report on Friday, May 6th. Beaufort Securities reissued a “buy” rating on shares of BT Group PLC in a report on Friday, May 6th. Finally, Berenberg Bank lowered their price target on BT Group PLC from GBX 535 ($7.09) to GBX 506 ($6.71) and set a “buy” rating for the company in a report on Monday, June 13th. 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. The stock has a consensus rating of “Hold” and an average price target of $474.50.

The company’s 50-day moving average is $28.47 and its 200 day moving average is $31.82. The firm has a market cap of $50.69 billion and a price-to-earnings ratio of 13.11.

Several institutional investors have modified their holdings of the company. First Trust Advisors LP increased its position 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 worth $1,830,000 after buying an additional 20,629 shares during the period. Comerica Bank increased its position in 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 position in 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. Reaves W H & Co. Inc. increased its position in 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. Finally, Morgan Stanley increased its position in 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 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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