BT Group PLC (NYSE:BT)’s share price 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.

Several equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 550 ($7.29) price objective on shares of BT Group PLC in a research report on Friday. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 490 ($6.50) price objective on shares of BT Group PLC in a research report on Friday. Goldman Sachs Group Inc. lifted their price objective on shares of BT Group PLC from GBX 540 ($7.16) to GBX 560 ($7.43) and gave the stock a “conviction-buy” rating in a research report on Friday. Beaufort Securities restated a “buy” rating on shares of BT Group PLC in a report on Friday. Finally, HSBC restated a “buy” rating and set a GBX 480 ($6.37) price target on shares of BT Group PLC in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $464.50.

The firm’s 50 day moving average price is $27.65 and its 200-day moving average price is $31.50. The firm has a market cap of $55.13 billion and a price-to-earnings ratio of 14.37.

The firm also recently announced a dividend, which will be paid on Tuesday, September 13th. Investors 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 added to or reduced their stakes in the company. Stephens Inc. AR increased 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 worth $1,468,000 after buying an additional 21,290 shares during the period. Freestone Capital Holdings LLC increased its position in 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 during the period. First Trust Advisors LP increased its position in 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. Eaton Vance Management increased its position in 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 during the period. Finally, 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 worth $3,304,000 after buying an additional 50,925 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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