BT Group plc (NYSE:BT) – Analysts at Jefferies Financial Group lifted their FY2022 EPS estimates for shares of BT Group in a report issued on Monday, September 10th. Jefferies Financial Group analyst J. Dellis now anticipates that the utilities provider will post earnings of $1.88 per share for the year, up from their previous forecast of $1.83. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for BT Group’s FY2023 earnings at $1.95 EPS.

A number of other brokerages also recently weighed in on BT. Sanford C. Bernstein downgraded BT Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 16th. ValuEngine downgraded BT Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. UBS Group downgraded BT Group from a “buy” rating to a “neutral” rating in a research note on Thursday, May 17th. Finally, Royal Bank of Canada downgraded BT Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $264.89.

BT opened at $14.73 on Wednesday. BT Group has a fifty-two week low of $13.53 and a fifty-two week high of $19.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.80. The stock has a market cap of $28.85 billion, a PE ratio of 7.91, a PEG ratio of 8.65 and a beta of 0.92.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its holdings in BT Group by 6.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 138,411 shares of the utilities provider’s stock valued at $2,001,000 after buying an additional 7,868 shares during the last quarter. Jane Street Group LLC grew its holdings in BT Group by 201.9% in the 2nd quarter. Jane Street Group LLC now owns 393,623 shares of the utilities provider’s stock valued at $5,692,000 after buying an additional 263,245 shares during the last quarter. Tuttle Tactical Management acquired a new stake in BT Group in the 2nd quarter valued at approximately $115,000. BB&T Securities LLC grew its holdings in BT Group by 2.3% in the 2nd quarter. BB&T Securities LLC now owns 329,856 shares of the utilities provider’s stock valued at $4,769,000 after buying an additional 7,432 shares during the last quarter. Finally, FMR LLC grew its holdings in BT Group by 3.3% in the 2nd quarter. FMR LLC now owns 381,200 shares of the utilities provider’s stock valued at $5,512,000 after buying an additional 12,000 shares during the last quarter. 0.79% of the stock is currently owned by hedge funds and other institutional investors.

BT Group Company Profile

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.

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Earnings History and Estimates for BT Group (NYSE:BT)

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