BT Group PLC (NYSE:BT) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other research analysts have also issued reports about the stock. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 265 ($3.43) price target on shares of BT Group PLC in a report on Wednesday, August 2nd. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 390 ($5.04) price objective on shares of BT Group PLC in a research report on Monday, August 7th. BidaskClub upgraded shares of BT Group PLC from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Barclays PLC restated an “overweight” rating and set a GBX 450 ($5.82) price target on shares of BT Group PLC in a research report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of BT Group PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. BT Group PLC presently has an average rating of “Hold” and an average price target of $339.22.

Shares of BT Group PLC (NYSE BT) traded down 0.84% during midday trading on Friday, reaching $18.94. 476,498 shares of the company were exchanged. BT Group PLC has a 52-week low of $18.06 and a 52-week high of $26.76. The company has a market capitalization of $37.65 billion, a PE ratio of 18.30 and a beta of 1.05. The stock’s 50-day moving average price is $19.83 and its 200-day moving average price is $19.85.

TRADEMARK VIOLATION WARNING: “BT Group PLC (BT) Rating Lowered to Hold at ValuEngine” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.watchlistnews.com/bt-group-plc-bt-rating-lowered-to-hold-at-valuengine/1536897.html.

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of BT Group PLC by 22.8% in the second quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock valued at $24,166,000 after buying an additional 230,781 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in BT Group PLC by 1,839.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after buying an additional 994,311 shares in the last quarter. Sit Investment Associates Inc. increased its stake in BT Group PLC by 1,068.7% in the second quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock worth $13,996,000 after buying an additional 659,380 shares in the last quarter. Jane Street Group LLC purchased a new stake in BT Group PLC during the first quarter worth $12,554,000. Finally, FMR LLC increased its stake in BT Group PLC by 10.5% in the first quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock worth $8,878,000 after buying an additional 42,130 shares in the last quarter. 0.99% of the stock is owned by institutional investors and hedge funds.

BT Group PLC Company Profile

Analyst Recommendations for BT Group PLC (NYSE:BT)

Receive News & Ratings for BT Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.