Deutsche Bank AG Reaffirms “Sell” Rating for BT Group PLC (BT)

Deutsche Bank AG restated their sell rating on shares of BT Group PLC (NYSE:BT) in a research report sent to investors on Thursday morning, StockTargetPrices.com reports. The brokerage currently has a GBX 265 ($3.50) target price on the utilities provider’s stock.

A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded BT Group PLC from a buy rating to a hold rating in a research report on Tuesday, August 29th. ValuEngine downgraded BT Group PLC from a buy rating to a hold rating in a research report on Friday, September 1st. Macquarie restated an outperform rating and issued a GBX 355 ($4.68) target price on shares of BT Group PLC in a research report on Tuesday, September 12th. Citigroup Inc. downgraded BT Group PLC from a buy rating to a hold rating in a research report on Monday, October 9th. Finally, Morgan Stanley dropped their target price on BT Group PLC from GBX 350 ($4.62) to GBX 320 ($4.22) and set an equal weight rating for the company in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. BT Group PLC has an average rating of Hold and a consensus target price of $333.17.

BT Group PLC (NYSE BT) opened at 17.50 on Thursday. BT Group PLC has a one year low of $17.46 and a one year high of $24.65. The company has a market cap of $34.78 billion, a price-to-earnings ratio of 16.51 and a beta of 1.04. The company has a 50-day moving average of $18.78 and a 200-day moving average of $19.45.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in BT. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 acquiring an additional 994,311 shares during the last quarter. Sit Investment Associates Inc. grew its stake in shares of 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 acquiring an additional 659,380 shares during the last quarter. Royal Bank of Canada grew 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 worth $24,166,000 after acquiring an additional 230,781 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of BT Group PLC in the third quarter worth $3,613,000. Finally, Bank of Montreal Can grew its stake in shares of BT Group PLC by 325.9% in the second quarter. Bank of Montreal Can now owns 199,604 shares of the utilities provider’s stock worth $3,875,000 after acquiring an additional 152,742 shares during the last quarter. 0.98% of the stock is currently owned by hedge funds and other institutional investors.

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