BT Group PLC (BT) Sees Strong Trading Volume
Shares of BT Group PLC (NYSE:BT) saw unusually-high trading volume on Tuesday . Approximately 348,700 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 391,577 shares.The stock last traded at $25.73 and had previously closed at $26.10.
BT has been the subject of several research reports. Beaufort Securities reissued a “buy” rating on shares of BT Group PLC in a research report on Friday, May 6th. Societe Generale reissued a “buy” rating and issued a GBX 500 ($6.54) price target on shares of BT Group PLC in a research report on Tuesday, August 9th. Haitong Bank reissued a “buy” rating and issued a GBX 600 ($7.85) price target on shares of BT Group PLC in a research report on Tuesday, June 7th. Citigroup Inc. raised shares of BT Group PLC from a “neutral” rating to a “buy” rating in a research report on Monday, June 27th. Finally, Macquarie reissued an “underperform” rating on shares of BT Group PLC in a research report on Wednesday, May 25th. Two 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 company’s stock. The company currently has an average rating of “Buy” and an average target price of $457.00.
The company has a market cap of $51.15 billion and a PE ratio of 13.48. The firm’s 50 day moving average is $26.48 and its 200 day moving average is $30.26.
The business also recently declared a dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.662 per share. The ex-dividend date is Wednesday, August 10th. This is an increase from BT Group PLC’s previous dividend of $0.32.
A hedge fund recently raised its stake in BT Group PLC stock. Ameriprise Financial Inc. increased its stake in shares of BT Group PLC (NYSE:BT) by 110.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,005 shares of the company’s stock after buying an additional 18,880 shares during the period. Ameriprise Financial Inc.’s holdings in BT Group PLC were worth $1,255,000 as of its most recent SEC filing.
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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