Zacks Investment Research lowered shares of BT Group (NYSE:BT) from a buy rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. “

Several other equities analysts have also commented on BT. ValuEngine lowered shares of BT Group from a hold rating to a sell rating in a report on Saturday, April 13th. Berenberg Bank lowered shares of BT Group from a buy rating to a hold rating in a report on Tuesday, February 26th. Jefferies Financial Group began coverage on shares of BT Group in a report on Thursday, March 21st. They issued a buy rating on the stock. Bank of America lowered shares of BT Group from a buy rating to a neutral rating in a report on Thursday, January 31st. Finally, JPMorgan Chase & Co. raised shares of BT Group from a neutral rating to an overweight rating in a report on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $17.00.

BT stock opened at $15.16 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.95. BT Group has a 12 month low of $13.53 and a 12 month high of $17.38. The stock has a market capitalization of $30.08 billion, a price-to-earnings ratio of 8.19 and a beta of 0.58.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brookstone Capital Management acquired a new stake in shares of BT Group in the 1st quarter valued at approximately $150,000. Bonness Enterprises Inc. boosted its stake in shares of BT Group by 91.3% in the 1st quarter. Bonness Enterprises Inc. now owns 92,800 shares of the utilities provider’s stock valued at $1,373,000 after purchasing an additional 44,300 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of BT Group in the 1st quarter valued at approximately $50,000. Tibra Equities Europe Ltd acquired a new stake in shares of BT Group in the 1st quarter valued at approximately $728,000. Finally, Deutsche Bank AG boosted its stake in shares of BT Group by 4,302.4% in the 4th quarter. Deutsche Bank AG now owns 24,301 shares of the utilities provider’s stock valued at $369,000 after purchasing an additional 23,749 shares in the last quarter. Institutional investors own 0.95% of the company’s stock.

About BT Group

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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