BT Group PLC (BT) Cut to “Hold” at BidaskClub

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

Several other analysts have also recently weighed in on the company. Zacks Investment Research raised BT Group PLC from a “sell” rating to a “hold” rating in a report on Wednesday. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 265 ($3.44) price target on shares of BT Group PLC in a report on Wednesday, August 9th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 450 ($5.84) price target on shares of BT Group PLC in a report on Wednesday, August 9th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 390 ($5.06) price target on shares of BT Group PLC in a report on Monday, August 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 410 ($5.32) price target on shares of BT Group PLC in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $339.33.

BT Group PLC (NYSE BT) traded up 0.11% during trading on Friday, hitting $19.06. 365,985 shares of the company traded hands. The stock has a 50-day moving average price of $19.88 and a 200-day moving average price of $19.88. The firm has a market capitalization of $37.88 billion, a P/E ratio of 17.98 and a beta of 1.05. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $26.76.

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A number of institutional investors have recently bought and sold shares of BT. Raymond James Financial Services Advisors Inc. bought a new position in BT Group PLC during the first quarter valued at about $316,000. Stevens Capital Management LP raised its stake 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 in the last quarter. Bank of Montreal Can raised its stake 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 in the last quarter. M&T Bank Corp raised its stake 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 in the last quarter. Finally, Alliancebernstein L.P. raised its stake 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 in the last quarter. Institutional investors and hedge funds own 1.03% of the company’s stock.

About BT Group PLC

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