BT Group plc (NYSE:BT) has been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $303.42.

Several equities research analysts have recently issued reports on BT shares. Berenberg Bank raised shares of BT Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Deutsche Bank raised shares of BT Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Zacks Investment Research raised shares of BT Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, January 31st. Bank of America raised shares of BT Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. Finally, UBS raised shares of BT Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 13th.

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A number of institutional investors have recently added to or reduced their stakes in BT. Jane Street Group LLC bought a new position in shares of BT Group in the 4th quarter valued at about $14,554,000. Arrowstreet Capital Limited Partnership grew its position in shares of BT Group by 1,279.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 701,102 shares of the utilities provider’s stock valued at $12,774,000 after acquiring an additional 650,293 shares during the period. OLD Mission Capital LLC bought a new position in shares of BT Group in the 4th quarter valued at about $4,448,000. Duff & Phelps Investment Management Co. bought a new position in shares of BT Group in the 4th quarter valued at about $4,098,000. Finally, Susquehanna International Group LLP grew its position in shares of BT Group by 166.0% in the 3rd quarter. Susquehanna International Group LLP now owns 153,200 shares of the utilities provider’s stock valued at $2,948,000 after acquiring an additional 95,600 shares during the period. 0.90% of the stock is owned by institutional investors and hedge funds.

BT stock traded up $0.12 on Friday, reaching $15.61. 821,400 shares of the company’s stock traded hands, compared to its average volume of 1,285,396. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $31,194.47, a price-to-earnings ratio of 13.95 and a beta of 1.02. BT Group has a 12 month low of $15.41 and a 12 month high of $21.16.

BT Group (NYSE:BT) last posted its earnings results on Friday, February 2nd. The utilities provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.04). The firm had revenue of $7.93 billion during the quarter, compared to analyst estimates of $8.60 billion. BT Group had a return on equity of 33.47% and a net margin of 7.11%. research analysts forecast that BT Group will post 1.94 earnings per share for the current fiscal year.

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About BT Group

BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.

Analyst Recommendations for BT Group (NYSE:BT)

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