ValuEngine upgraded shares of BT Group (NYSE:BT) from a hold rating to a buy rating in a report released on Monday.

A number of other analysts also recently issued reports on BT. Barclays reaffirmed an overweight rating and issued a GBX 450 ($6.03) target price on shares of BT Group in a research note on Wednesday, August 9th. Citigroup reaffirmed a neutral rating on shares of BT Group in a research note on Friday, November 24th. BidaskClub downgraded BT Group from a buy rating to a hold rating in a research note on Friday, August 18th. Deutsche Bank reaffirmed a sell rating and issued a GBX 265 ($3.55) target price on shares of BT Group in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded BT Group from a buy rating to a hold rating in a research note on Friday, September 29th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $317.18.

BT Group (NYSE BT) opened at $17.29 on Monday. BT Group has a 52 week low of $16.15 and a 52 week high of $24.65. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $33,302.35, a price-to-earnings ratio of 9.28, a P/E/G ratio of 4.68 and a beta of 0.98.

The firm also recently declared a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.297 per share. This represents a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, December 28th. BT Group’s dividend payout ratio is presently 91.35%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in BT Group by 1,839.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock valued at $20,349,000 after acquiring an additional 994,311 shares during the period. Royal Bank of Canada boosted its holdings in 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 valued at $24,166,000 after acquiring an additional 230,781 shares during the period. Crossmark Global Holdings Inc. purchased a new position in BT Group during the 3rd quarter valued at about $3,613,000. Bank of Montreal Can boosted its holdings in BT Group by 325.9% during the 2nd quarter. Bank of Montreal Can now owns 199,604 shares of the utilities provider’s stock valued at $3,875,000 after acquiring an additional 152,742 shares during the period. Finally, Aperio Group LLC boosted its holdings in BT Group by 40.8% during the 3rd quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock valued at $9,580,000 after acquiring an additional 144,367 shares during the period. Institutional investors and hedge funds own 0.96% of the company’s stock.

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BT Group Company Profile

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Analyst Recommendations for BT Group (NYSE:BT)

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