Shares of BT Group PLC (NYSE:BT) gapped up before the market opened on Monday . The stock had previously closed at $25.42, but opened at $25.49. BT Group PLC shares last traded at $25.82, with a volume of 260,366 shares trading hands.

Several analysts recently issued reports on the stock. Jefferies Group reaffirmed a “hold” rating and set a GBX 400 ($5.30) price objective on shares of BT Group PLC in a research note on Monday. Haitong Bank reaffirmed a “buy” rating and set a GBX 600 ($7.96) price objective on shares of BT Group PLC in a research note on Wednesday, July 20th. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 410 ($5.44) price objective on shares of BT Group PLC in a research note on Wednesday, July 20th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of BT Group PLC in a research note on Monday, July 18th. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $474.50.

The stock has a market cap of $51.06 billion and a price-to-earnings ratio of 13.21. The firm’s 50 day moving average price is $28.12 and its 200 day moving average price is $31.66.

Several institutional investors have recently added to or reduced their stakes in BT. Stephens Inc. AR boosted 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 valued at $1,468,000 after buying an additional 21,290 shares during the last quarter. Freestone Capital Holdings LLC boosted 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 in the last quarter. First Trust Advisors LP boosted 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 in the last quarter. Eaton Vance Management boosted 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 in the last quarter. Finally, Reaves W H & Co. Inc. boosted 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 worth $2,769,000 after buying an additional 9,975 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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