Zacks Investment Research upgraded shares of BT Group PLC (NYSE:BT) from a hold rating to a buy rating in a report released on Monday morning. Zacks Investment Research currently has $21.00 price objective on the utilities provider’s stock.

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 analysts have also recently commented on the company. Beaufort Securities lowered their price target on BT Group PLC from GBX 390 ($5.04) to GBX 340 ($4.40) and set a buy rating for the company in a report on Friday, May 12th. Bank of America Corporation cut BT Group PLC from a buy rating to a neutral rating in a report on Monday, June 19th. Exane BNP Paribas cut BT Group PLC from a neutral rating to an underperform rating in a report on Thursday, May 25th. Macquarie upgraded BT Group PLC from a neutral rating to an outperform rating and lifted their price target for the company from $270.00 to $330.00 in a report on Tuesday, June 27th. Finally, Citigroup Inc. restated a buy rating on shares of BT Group PLC in a report on Monday, May 29th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $339.22.

BT Group PLC (NYSE BT) opened at 19.02 on Monday. The stock has a market capitalization of $37.80 billion, a PE ratio of 18.38 and a beta of 1.05. BT Group PLC has a 52 week low of $18.06 and a 52 week high of $26.76. The firm has a 50 day moving average of $19.84 and a 200-day moving average of $19.86.

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The business also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 11th will be given a dividend of $0.6804 per share. This represents a yield of 6.86%. The ex-dividend date is Wednesday, August 9th. BT Group PLC’s dividend payout ratio (DPR) is presently 90.39%.

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new position in BT Group PLC during the first quarter valued at approximately $316,000. Stevens Capital Management LP raised its position in shares of BT Group PLC by 122.8% in the first quarter. Stevens Capital Management LP now owns 24,556 shares of the utilities provider’s stock worth $493,000 after buying an additional 13,536 shares during the last quarter. Bank of Montreal Can raised its position in shares of BT Group PLC by 252.2% in the first quarter. Bank of Montreal Can now owns 46,862 shares of the utilities provider’s stock worth $941,000 after buying an additional 33,555 shares during the last quarter. M&T Bank Corp raised its position in shares of BT Group PLC by 191.3% in the first quarter. M&T Bank Corp now owns 70,240 shares of the utilities provider’s stock worth $1,411,000 after buying an additional 46,125 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of BT Group PLC by 11.6% in the first quarter. Alliancebernstein L.P. now owns 67,003 shares of the utilities provider’s stock worth $1,346,000 after buying an additional 6,944 shares during the last quarter. 0.99% of the stock is currently owned by hedge funds and other institutional investors.

BT Group PLC Company Profile

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