BT Group PLC (NYSE:BT) had its target price cut by Morgan Stanley from GBX 350 ($4.64) to GBX 320 ($4.24) in a note issued to investors on Wednesday. The brokerage currently has an “equal weight” rating on the utilities provider’s stock.

BT has been the topic of a number of other reports. Zacks Investment Research raised shares of BT Group PLC from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Monday, August 28th. BidaskClub raised shares of BT Group PLC from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 265 ($3.52) price objective on shares of BT Group PLC in a research note on Thursday, August 24th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 330 ($4.38) price objective on shares of BT Group PLC in a research note on Thursday, June 8th. Finally, Bank of America Corporation lowered shares of BT Group PLC from a “buy” rating to a “neutral” rating in a research note on Monday, June 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $335.67.

BT Group PLC (NYSE:BT) traded up 0.54% during midday trading on Wednesday, reaching $18.74. 280,567 shares of the company’s stock traded hands. The firm has a market cap of $37.25 billion, a price-to-earnings ratio of 17.68 and a beta of 1.04. BT Group PLC has a 1-year low of $18.06 and a 1-year high of $24.65. The stock’s 50 day moving average price is $19.10 and its 200 day moving average price is $19.66.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stephens Inc. AR raised its holdings in BT Group PLC by 3.2% during the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock worth $217,000 after buying an additional 343 shares during the last quarter. Creative Planning raised its holdings in BT Group PLC by 5.9% during the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock worth $131,000 after buying an additional 377 shares during the last quarter. Boston Common Asset Management LLC raised its holdings in BT Group PLC by 2.8% during the first quarter. Boston Common Asset Management LLC now owns 31,062 shares of the utilities provider’s stock worth $624,000 after buying an additional 845 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in BT Group PLC by 7.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock worth $329,000 after buying an additional 1,204 shares during the last quarter. Finally, Berkeley Capital Partners LLC raised its holdings in BT Group PLC by 5.5% during the second quarter. Berkeley Capital Partners LLC now owns 32,652 shares of the utilities provider’s stock worth $634,000 after buying an additional 1,712 shares during the last quarter. Hedge funds and other institutional investors own 0.99% of the company’s stock.

About BT Group PLC

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