Shares of BT Group PLC (NYSE:BT) have earned an average recommendation of “Hold” from the twenty-four ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $355.31.

BT has been the subject of several recent analyst reports. Macquarie upgraded BT Group PLC from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $270.00 to $330.00 in a research report on Tuesday, June 27th. Zacks Investment Research upgraded BT Group PLC from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 360 ($4.69) price objective on shares of BT Group PLC in a report on Monday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 410 ($5.34) price objective on shares of BT Group PLC in a report on Monday, July 31st. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.45) price objective on shares of BT Group PLC in a report on Thursday, June 15th.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in BT Group PLC during the second quarter worth approximately $129,000. Creative Planning raised its position in BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after buying an additional 377 shares during the last quarter. Quadrant Capital Group LLC raised its position in BT Group PLC by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock worth $145,000 after buying an additional 6,254 shares during the last quarter. Rational Advisors LLC raised its position in BT Group PLC by 14.3% in the first quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock worth $160,000 after buying an additional 997 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in BT Group PLC during the first quarter worth approximately $205,000. 1.03% of the stock is owned by institutional investors and hedge funds.

BT Group PLC (NYSE BT) traded down 0.24% during trading on Friday, reaching $20.79. The company’s stock had a trading volume of 673,505 shares. BT Group PLC has a 52-week low of $18.06 and a 52-week high of $26.80. The stock has a 50-day moving average price of $19.58 and a 200 day moving average price of $20.03. The company has a market cap of $41.32 billion, a PE ratio of 19.99 and a beta of 1.05.

BT Group PLC (NYSE:BT) last posted its earnings results on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. BT Group PLC had a return on equity of 40.09% and a net margin of 7.14%. The business had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.88 billion. On average, analysts expect that BT Group PLC will post $1.84 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 11th will be given a dividend of $0.6804 per share. This represents a yield of 6.86%. The ex-dividend date is Wednesday, August 9th. BT Group PLC’s payout ratio is 86.54%.

About BT Group PLC

Analyst Recommendations for BT Group PLC (NYSE:BT)

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