BT Group PLC (NYSE:BT) shares gapped down before the market opened on Thursday . The stock had previously closed at $26.11, but opened at $26.76. BT Group PLC shares last traded at $27.48, with a volume of 558,489 shares changing hands.

Several research analysts have recently weighed in on BT shares. HSBC reissued a “buy” rating and set a GBX 540 ($7.16) price target on shares of BT Group PLC in a research report on Tuesday, April 19th. Haitong Bank restated a “buy” rating and issued a GBX 600 ($7.96) price objective on shares of BT Group PLC in a report on Thursday, April 14th. Goldman Sachs Group Inc. restated a “buy” rating on shares of BT Group PLC in a report on Friday, May 6th. Beaufort Securities restated a “buy” rating on shares of BT Group PLC in a report on Friday, May 6th. Finally, Berenberg Bank reduced their price objective on shares of BT Group PLC from GBX 535 ($7.09) to GBX 506 ($6.71) and set a “buy” rating on the stock in a report on Monday, June 13th. 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 company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $471.17.

The firm’s 50 day moving average is $27.75 and its 200-day moving average is $31.54. The stock has a market capitalization of $54.41 billion and a price-to-earnings ratio of 14.04.

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

Other large investors recently made changes to their positions in the company. Stephens Inc. AR increased 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. Freestone Capital Holdings LLC increased its stake 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 valued at $1,731,000 after buying an additional 24,537 shares during the last quarter. 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. Eaton Vance Management increased 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. Finally, US Bancorp DE increased 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.

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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