BT Group plc (NYSE:BT) dropped 5.3% on Friday . The company traded as low as $17.47 and last traded at $17.73. Approximately 2,913,763 shares traded hands during mid-day trading, an increase of 151% from the average daily volume of 1,162,459 shares. The stock had previously closed at $18.73.

BT has been the subject of a number of research reports. Numis Securities reiterated a “buy” rating and issued a GBX 390 ($5.48) price objective on shares of BT Group in a research note on Tuesday, October 31st. ValuEngine upgraded BT Group from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. Bank of America upgraded BT Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded BT Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Jefferies Group cut their price target on BT Group from GBX 280 ($3.93) to GBX 265 ($3.72) and set a “hold” rating for the company in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $317.12.

The firm has a market capitalization of $35,166.80, a price-to-earnings ratio of 10.07 and a beta of 0.97. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.77 and a quick ratio of 0.75.

BT Group (NYSE:BT) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.42 earnings per share for the quarter. BT Group had a return on equity of 34.46% and a net margin of 6.52%. The firm had revenue of $7.79 billion for the quarter. sell-side analysts expect that BT Group plc will post 1.95 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in BT Group by 22.8% during the second quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock worth $24,166,000 after acquiring an additional 230,781 shares during the period. Sit Investment Associates Inc. grew its holdings in BT Group by 2.3% during the third quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock worth $14,197,000 after acquiring an additional 16,820 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in BT Group by 1,839.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after acquiring an additional 994,311 shares during the period. Susquehanna International Group LLP grew its holdings in BT Group by 166.0% during the third quarter. Susquehanna International Group LLP now owns 153,200 shares of the utilities provider’s stock worth $2,948,000 after acquiring an additional 95,600 shares during the period. Finally, Sei Investments Co. grew its holdings in BT Group by 47.0% during the third quarter. Sei Investments Co. now owns 23,616 shares of the utilities provider’s stock worth $454,000 after acquiring an additional 7,549 shares during the period. 0.92% of the stock is currently owned by hedge funds and other institutional investors.

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BT Group Company Profile

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.

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