BNP Paribas reissued their underperform rating on shares of BT Group PLC (NYSE:BT) in a report released on Thursday. BNP Paribas currently has a GBX 240 ($3.10) price objective on the utilities provider’s stock.

Several other analysts have also issued reports on the company. Zacks Investment Research lowered BT Group PLC from a buy rating to a hold rating in a report on Tuesday, August 29th. Bank of America Corporation lowered BT Group PLC from a buy rating to a neutral rating in a report on Monday, June 19th. Exane BNP Paribas lowered BT Group PLC from a neutral rating to an underperform rating in a report on Thursday, May 25th. Macquarie upgraded BT Group PLC from a neutral rating to an outperform rating and upped their target price for the stock from $270.00 to $330.00 in a report on Tuesday, June 27th. Finally, Deutsche Bank AG reiterated a sell rating and set a GBX 265 ($3.42) target price on shares of BT Group PLC in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. BT Group PLC currently has an average rating of Hold and a consensus price target of $340.06.

Shares of BT Group PLC (NYSE:BT) traded up 1.67% on Thursday, hitting $19.46. The company had a trading volume of 623,341 shares. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $26.35. The firm has a 50 day moving average of $19.55 and a 200-day moving average of $19.78. The firm has a market capitalization of $38.68 billion, a P/E ratio of 18.80 and a beta of 1.06.

TRADEMARK VIOLATION WARNING: “BT Group PLC’s (BT) Underperform Rating Reaffirmed at BNP Paribas” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/15/bt-group-plcs-bt-underperform-rating-reaffirmed-at-bnp-paribas.html.

A number of large investors have recently modified their holdings of BT. Russell Investments Group Ltd. acquired a new stake in BT Group PLC during the second quarter worth approximately $129,000. Creative Planning grew its position in BT Group PLC by 5.9% during 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. Dynamic Technology Lab Private Ltd acquired a new stake in BT Group PLC during the first quarter worth approximately $205,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in BT Group PLC during the first quarter worth approximately $211,000. Finally, Stephens Inc. AR grew its position in BT Group PLC by 3.2% during the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock worth $217,000 after buying an additional 343 shares in the last quarter. 0.99% of the stock is currently owned by institutional investors and hedge funds.

BT Group PLC Company Profile

Analyst Recommendations for BT Group PLC (NYSE:BT)

Receive News & Ratings for BT Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.