BT Group PLC (BT) Stock Rating Lowered by TheStreet
BT Group PLC (NYSE:BT) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Monday.
Other research analysts have also issued research reports about the company. Goldman Sachs Group Inc. reissued a “buy” rating on shares of BT Group PLC in a research report on Monday, July 18th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 390 ($5.09) target price on shares of BT Group PLC in a research report on Tuesday, September 6th. Credit Suisse Group AG downgraded BT Group PLC from an “outperform” rating to a “neutral” rating and cut their price target for the stock from GBX 510 ($6.66) to GBX 400 ($5.22) in a research note on Monday, June 27th. Jefferies Group cut their price target on BT Group PLC from GBX 405 ($5.29) to GBX 400 ($5.22) and set a “hold” rating on the stock in a research note on Monday, August 15th. Finally, BNP Paribas upgraded BT Group PLC from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $453.39.
Shares of BT Group PLC (NYSE:BT) opened at 25.36 on Monday. The company’s 50-day moving average price is $26.12 and its 200-day moving average price is $29.47. BT Group PLC has a one year low of $24.36 and a one year high of $37.69. The company has a market capitalization of $50.38 billion, a price-to-earnings ratio of 13.01 and a beta of 1.09.
A number of institutional investors have recently made changes to their positions in BT. Miller Howard Investments Inc. NY acquired a new stake in BT Group PLC during the second quarter worth approximately $7,453,000. Thornburg Investment Management Inc. acquired a new stake in BT Group PLC during the second quarter worth approximately $6,736,000. Renaissance Technologies LLC boosted its stake in BT Group PLC by 4.5% in the first quarter. Renaissance Technologies LLC now owns 3,871,801 shares of the company’s stock worth $124,207,000 after buying an additional 165,101 shares in the last quarter. Royal Bank of Canada boosted its stake in BT Group PLC by 19.9% in the first quarter. Royal Bank of Canada now owns 741,807 shares of the company’s stock worth $23,796,000 after buying an additional 122,967 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in BT Group PLC during the first quarter worth approximately $3,305,000. 1.17% of the stock is currently owned by institutional investors.
About BT Group PLC
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