TheStreet downgraded shares of BT Group PLC (NYSE:BT) from a buy rating to a hold rating in a research report released on Monday morning.

Other equities research analysts have also issued reports about the stock. Macquarie cut their price target on shares of BT Group PLC from GBX 375 ($4.89) to GBX 360 ($4.70) and set an underperform rating on the stock in a research note on Tuesday, May 24th. Deutsche Bank AG reiterated a sell rating and set a GBX 410 ($5.35) price target on shares of BT Group PLC in a research note on Friday, May 27th. Morgan Stanley cut their price target on shares of BT Group PLC from GBX 500 ($6.53) to GBX 480 ($6.27) and set an equal weight rating on the stock in a research note on Friday, June 3rd. Haitong Bank reiterated a buy rating and set a GBX 600 ($7.83) price target on shares of BT Group PLC in a research note on Tuesday, June 7th. Finally, Barclays PLC reiterated an overweight rating and set a GBX 600 ($7.83) price target on shares of BT Group PLC in a research note on Wednesday, June 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $453.39.

BT Group PLC (NYSE:BT) opened at 25.81 on Monday. The firm has a 50 day moving average of $26.08 and a 200-day moving average of $29.44. The firm has a market cap of $51.27 billion, a P/E ratio of 13.24 and a beta of 1.09. BT Group PLC has a 12 month low of $24.36 and a 12 month high of $37.69.

A number of institutional investors have recently made changes to their positions in BT. Sei Investments Co. boosted its position in shares of BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock worth $115,000 after buying an additional 1,027 shares during the last quarter. NEXT Financial Group Inc boosted its position in shares of BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock worth $149,000 after buying an additional 50 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of BT Group PLC during the second quarter worth about $169,000. Creative Planning boosted its position in shares of BT Group PLC by 394.9% in the second quarter. Creative Planning now owns 6,642 shares of the company’s stock worth $185,000 after buying an additional 5,300 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC acquired a new position in shares of BT Group PLC during the second quarter worth about $214,000. Institutional investors own 1.17% of the company’s stock.

BT Group PLC Company Profile

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