BT Group PLC (NYSE:BT) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued on Monday.

BT has been the topic of a number of other research reports. Macquarie dropped their price target on BT Group PLC from GBX 375 ($4.89) to GBX 360 ($4.70) and set an “underperform” rating on the stock in a research note on Tuesday, May 24th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 410 ($5.35) price objective on shares of BT Group PLC in a report on Friday, May 27th. Morgan Stanley decreased their price objective on BT Group PLC from GBX 500 ($6.53) to GBX 480 ($6.27) and set an “equal weight” rating on the stock in a report on Friday, June 3rd. Haitong Bank reaffirmed a “buy” rating and issued a GBX 600 ($7.83) price objective on shares of BT Group PLC in a report on Tuesday, June 7th. Finally, Berenberg Bank decreased their price objective on BT Group PLC from GBX 535 ($6.98) to GBX 506 ($6.60) and set a “buy” rating on the stock in a report on Monday, June 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $453.39.

BT Group PLC (NYSE:BT) opened at 25.36 on Monday. The company has a market capitalization of $50.38 billion, a PE ratio of 13.01 and a beta of 1.09. BT Group PLC has a one year low of $24.36 and a one year high of $37.69. The firm’s 50 day moving average price is $26.12 and its 200-day moving average price is $29.47.

Several institutional investors have recently modified their holdings of the company. Sei Investments Co. increased its position in shares of BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock worth $115,000 after buying an additional 1,027 shares during the period. NEXT Financial Group Inc increased its position in shares of BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock worth $149,000 after buying an additional 50 shares during the period. Advisor Group Inc. bought a new position in shares of BT Group PLC during the second quarter worth about $169,000. Creative Planning increased its position in shares of BT Group PLC by 394.9% in the second quarter. Creative Planning now owns 6,642 shares of the company’s stock worth $185,000 after buying an additional 5,300 shares during the period. Finally, Douglass Winthrop Advisors LLC bought a new position in shares of BT Group PLC during the second quarter worth about $214,000. Institutional investors own 1.17% of the company’s stock.

BT Group PLC Company Profile

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