BT Group PLC (NYSE:BT) shot up 3.2% during trading on Tuesday . The stock traded as high as $27.03 and last traded at $26.65, with a volume of 549,810 shares traded. The stock had previously closed at $25.82.

Several research firms recently commented on BT. Haitong Bank reiterated a “buy” rating and issued a GBX 600 ($7.96) price objective on shares of BT Group PLC in a research report on Tuesday. Jefferies Group reiterated a “hold” rating and issued a GBX 400 ($5.30) price objective on shares of BT Group PLC in a research report on Monday. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 410 ($5.44) price objective on shares of BT Group PLC in a research report on Wednesday, July 20th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of BT Group PLC in a research report on Monday, July 18th. Finally, Zacks Investment Research lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. BT Group PLC presently has a consensus rating of “Hold” and an average target price of $474.50.

The stock has a 50 day moving average price of $28.12 and a 200-day moving average price of $31.66. The firm has a market capitalization of $52.63 billion and a PE ratio of 13.58.

The firm also recently declared a dividend, which will be paid on Tuesday, September 13th. Shareholders of record on Friday, August 12th will be given a $0.662 dividend. This is a positive change from BT Group PLC’s previous dividend of $0.32. The ex-dividend date of this dividend is Wednesday, August 10th.

Other hedge funds and institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP increased 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 in the last quarter. Stephens Inc. AR raised its stake in shares of 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. US Bancorp DE raised its stake 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 valued at $3,372,000 after buying an additional 48,080 shares during the last quarter. Alpine Woods Capital Investors LLC raised its stake 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 last quarter. Finally, Eaton Vance Management raised its stake 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 valued at $2,375,000 after buying an additional 34,096 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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