BT Group PLC (NYSE:BT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. “

Other equities research analysts have also recently issued reports about the company. Beaufort Securities reduced their price objective on BT Group PLC from GBX 390 ($5.06) to GBX 340 ($4.41) and set a “buy” rating for the company in a research report on Friday, May 12th. HSBC Holdings plc reduced their price objective on BT Group PLC from GBX 420 ($5.45) to GBX 370 ($4.80) and set a “buy” rating for the company in a research report on Friday, April 21st. Citigroup Inc. reissued a “buy” rating on shares of BT Group PLC in a research report on Monday, May 15th. ValuEngine raised BT Group PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Numis Securities Ltd started coverage on BT Group PLC in a research report on Thursday, July 13th. They issued a “buy” rating and a GBX 390 ($5.06) price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $339.33.

Shares of BT Group PLC (NYSE BT) traded down 1.04% during mid-day trading on Wednesday, hitting $19.04. 650,252 shares of the company were exchanged. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $26.76. The stock’s 50-day moving average price is $19.88 and its 200 day moving average price is $19.89. The stock has a market cap of $37.84 billion, a PE ratio of 17.96 and a beta of 1.05.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC bought a new position in BT Group PLC during the fourth quarter valued at about $393,000. Bank of Montreal Can raised its stake in shares of BT Group PLC by 252.2% in the first quarter. Bank of Montreal Can now owns 46,862 shares of the utilities provider’s stock worth $941,000 after buying an additional 33,555 shares during the period. Bollard Group LLC raised its stake in shares of BT Group PLC by 1.4% in the first quarter. Bollard Group LLC now owns 46,540 shares of the utilities provider’s stock worth $935,000 after buying an additional 664 shares during the period. Baxter Bros Inc. raised its stake in shares of BT Group PLC by 2.3% in the first quarter. Baxter Bros Inc. now owns 18,100 shares of the utilities provider’s stock worth $364,000 after buying an additional 400 shares during the period. Finally, Profund Advisors LLC raised its stake in shares of BT Group PLC by 51.0% in the first quarter. Profund Advisors LLC now owns 55,954 shares of the utilities provider’s stock worth $1,124,000 after buying an additional 18,887 shares during the period. Hedge funds and other institutional investors own 1.03% of the company’s stock.

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