Shares of BT Group PLC (NYSE:BT) gapped up before the market opened on Wednesday . The stock had previously closed at $27.06, but opened at $27.21. BT Group PLC shares last traded at $27.50, with a volume of 473,630 shares trading hands.

Several analysts have commented on the stock. Credit Suisse Group AG restated an “outperform” rating and set a GBX 510 ($6.73) price objective on shares of BT Group PLC in a research note on Tuesday, May 3rd. Zacks Investment Research upgraded shares of BT Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 490 ($6.47) target price on shares of BT Group PLC in a research note on Tuesday, May 3rd. Macquarie upgraded shares of BT Group PLC from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 400 ($5.28) target price on shares of BT Group PLC in a research note on Monday, July 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BT Group PLC presently has a consensus rating of “Buy” and an average target price of $459.50.

The firm’s 50-day moving average is $27.48 and its 200 day moving average is $31.34. The stock has a market cap of $54.69 billion and a PE ratio of 14.34.

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

A number of hedge funds recently bought and sold shares of the company. Morgan Stanley boosted its stake in BT Group PLC by 103.1% in the fourth quarter. Morgan Stanley now owns 2,000,588 shares of the company’s stock worth $69,239,000 after buying an additional 1,015,752 shares in the last quarter. Alpine Woods Capital Investors LLC boosted its stake in 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 worth $21,441,000 after buying an additional 393,900 shares in the last quarter. Palladium Partners LLC boosted its stake in BT Group PLC by 99.1% in the fourth quarter. Palladium Partners LLC now owns 113,440 shares of the company’s stock worth $3,927,000 after buying an additional 56,470 shares in the last quarter. US Bancorp DE boosted its stake in BT Group PLC by 97.5% in the fourth quarter. US Bancorp DE now owns 97,417 shares of the company’s stock worth $3,372,000 after buying an additional 48,080 shares in the last quarter. Finally, Eaton Vance Management boosted its stake 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 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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