BT Group PLC (BT) Stock Rating Reaffirmed by Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of BT Group PLC (NYSE:BT) in a report issued on Monday, July 31st, StockTargetPrices.com reports. Royal Bank Of Canada currently has a GBX 410 ($5.32) target price on the utilities provider’s stock.

BT has been the topic of several other reports. Deutsche Bank AG reaffirmed a sell rating on shares of BT Group PLC in a report on Friday, April 28th. BidaskClub upgraded BT Group PLC from a strong sell rating to a sell rating in a report on Tuesday, June 27th. Citigroup Inc. restated a buy rating on shares of BT Group PLC in a report on Monday, May 29th. Zacks Investment Research lowered BT Group PLC from a hold rating to a sell rating in a research note on Monday, April 10th. Finally, Jefferies Group LLC reiterated a hold rating and issued a GBX 325 ($4.22) target price on shares of BT Group PLC in a research note on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $339.33.

BT Group PLC (BT) opened at 19.07 on Monday. BT Group PLC has a 1-year low of $18.06 and a 1-year high of $26.76. The firm’s 50 day moving average is $19.87 and its 200 day moving average is $19.88. The stock has a market capitalization of $37.90 billion, a P/E ratio of 17.99 and a beta of 1.05.

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The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 11th will be issued a $0.6804 dividend. This represents a yield of 6.86%. The ex-dividend date is Wednesday, August 9th. BT Group PLC’s payout ratio is currently 90.39%.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC raised its stake in shares of BT Group PLC by 15.9% in the fourth quarter. FMR LLC now owns 399,758 shares of the utilities provider’s stock valued at $9,206,000 after buying an additional 54,830 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in shares of BT Group PLC during the fourth quarter valued at approximately $393,000. Quadrant Capital Group LLC raised its stake in shares of BT Group PLC by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock valued at $145,000 after buying an additional 6,254 shares during 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 valued at $941,000 after buying an additional 33,555 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of BT Group PLC by 6.8% in the first quarter. Capstone Asset Management Co. now owns 163,993 shares of the utilities provider’s stock worth $3,295,000 after buying an additional 10,420 shares in the last quarter. 1.03% of the stock is currently owned by institutional investors.

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