ValuEngine Upgrades BT Group (BT) to Buy
ValuEngine upgraded shares of BT Group (NYSE:BT) from a hold rating to a buy rating in a research report sent to investors on Monday morning.
Several other equities research analysts have also issued reports on BT. Barclays reissued an overweight rating and set a GBX 450 ($6.03) target price on shares of BT Group in a research note on Wednesday, August 9th. Citigroup reissued a neutral rating on shares of BT Group in a research note on Friday, November 24th. BidaskClub lowered shares of BT Group from a buy rating to a hold rating in a research note on Friday, August 18th. Deutsche Bank reissued a sell rating and set a GBX 265 ($3.55) target price on shares of BT Group in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of BT Group from a buy rating to a hold rating in a research note on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $317.18.
Shares of BT Group (BT) opened at $17.69 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 0.83. BT Group has a 12 month low of $16.15 and a 12 month high of $24.65. The stock has a market cap of $33,302.35, a PE ratio of 9.28, a PEG ratio of 4.68 and a beta of 0.98.
The firm also recently announced a None dividend, which will be paid on Monday, February 12th. Shareholders of record on Friday, December 29th will be paid a $0.297 dividend. This represents a yield of 3.84%. The ex-dividend date is Thursday, December 28th. BT Group’s dividend payout ratio (DPR) is 91.35%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of BT Group by 22.8% during the 2nd quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock worth $24,166,000 after buying an additional 230,781 shares during the last quarter. Sit Investment Associates Inc. grew its position in BT Group by 2.3% during the third quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock worth $14,197,000 after buying an additional 16,820 shares during the period. Arrowstreet Capital Limited Partnership grew its position in BT Group by 1,839.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after buying an additional 994,311 shares during the period. Freestone Capital Holdings LLC grew its position in BT Group by 18.1% during the second quarter. Freestone Capital Holdings LLC now owns 172,691 shares of the utilities provider’s stock worth $3,352,000 after buying an additional 26,410 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in BT Group during the second quarter worth about $1,616,000. Institutional investors and hedge funds own 0.96% of the company’s stock.
BT Group Company Profile
To view ValuEngine’s full report, visit ValuEngine’s official website.
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