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

A number of other research analysts have also commented on the company. Zacks Investment Research upgraded BT Group PLC from a “sell” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank AG reiterated a “sell” rating and set a GBX 265 ($3.44) price objective on shares of BT Group PLC in a research note on Wednesday, August 9th. Barclays PLC reiterated an “overweight” rating and set a GBX 450 ($5.84) price objective on shares of BT Group PLC in a research note on Wednesday, August 9th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 390 ($5.06) price objective on shares of BT Group PLC in a research note on Monday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 410 ($5.32) price objective on shares of BT Group PLC in a research note on Monday, July 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. BT Group PLC currently has an average rating of “Hold” and an average price target of $339.33.

BT Group PLC (BT) opened at 19.07 on Friday. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $26.76. The firm has a market cap of $37.90 billion, a P/E ratio of 18.25 and a beta of 1.05. The firm has a 50-day moving average of $19.87 and a 200-day moving average of $19.88.

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Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in BT Group PLC during the second quarter worth approximately $129,000. Creative Planning raised its stake in shares of 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 in the last quarter. Rational Advisors LLC raised its stake in shares of 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of BT Group PLC during the first quarter worth about $205,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of BT Group PLC during the first quarter worth about $211,000. 1.03% of the stock is currently owned by institutional investors.

About BT Group PLC

Analyst Recommendations for BT Group PLC (NYSE:BT)

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