Shares of BT Group PLC (NYSE:BT) have been assigned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $335.44.

BT has been the subject of several research analyst reports. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 290 ($3.91) price target on shares of BT Group PLC in a report on Wednesday, July 12th. Numis Securities Ltd initiated coverage on BT Group PLC in a report on Thursday, July 13th. They set a “buy” rating and a GBX 390 ($5.26) price target for the company. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 340 ($4.58) price target on shares of BT Group PLC in a report on Monday, July 17th. Zacks Investment Research raised BT Group PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Deutsche Bank AG reissued a “sell” rating and set a GBX 265 ($3.57) price target on shares of BT Group PLC in a report on Wednesday, August 9th.

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Shares of BT Group PLC (NYSE BT) opened at 19.34 on Friday. BT Group PLC has a 12 month low of $18.06 and a 12 month high of $26.35. The firm has a market capitalization of $38.44 billion, a P/E ratio of 18.25 and a beta of 1.06. The company has a 50 day moving average of $19.44 and a 200-day moving average of $19.76.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BT. First Trust Advisors LP grew its stake in shares of BT Group PLC by 20.6% during the first quarter. First Trust Advisors LP now owns 122,664 shares of the utilities provider’s stock valued at $2,464,000 after buying an additional 20,992 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of BT Group PLC by 1,155.3% during the first quarter. Advisors Asset Management Inc. now owns 26,475 shares of the utilities provider’s stock valued at $532,000 after buying an additional 24,366 shares during the last quarter. Comerica Bank grew its stake in shares of BT Group PLC by 1.1% during the first quarter. Comerica Bank now owns 115,951 shares of the utilities provider’s stock valued at $2,325,000 after buying an additional 1,317 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of BT Group PLC by 10.4% during the first quarter. Ameriprise Financial Inc. now owns 48,683 shares of the utilities provider’s stock valued at $977,000 after buying an additional 4,582 shares during the last quarter. Finally, Stevens Capital Management LP grew its stake in shares of BT Group PLC by 122.8% during the first quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock valued at $493,000 after buying an additional 13,536 shares during the last quarter. 0.99% of the stock is currently owned by hedge funds and other institutional investors.

About BT Group PLC

Analyst Recommendations for BT Group PLC (NYSE:BT)

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