BT Group PLC (BT) Sets New 12-Month Low at $16.79

BT Group PLC (NYSE:BT) shares hit a new 52-week low on Thursday . The company traded as low as $16.79 and last traded at $0.00, with a volume of shares changing hands.

BT has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of BT Group PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. ValuEngine downgraded shares of BT Group PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Macquarie reiterated an “outperform” rating and issued a GBX 355 ($4.68) price target on shares of BT Group PLC in a research report on Tuesday, September 12th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.50) price target on shares of BT Group PLC in a research report on Thursday, August 24th. Finally, Citigroup Inc. downgraded shares of BT Group PLC from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $333.17.

Several institutional investors have recently added to or reduced their stakes in BT. Arrowstreet Capital Limited Partnership grew its holdings in shares of BT Group PLC by 1,839.9% during 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. grew its holdings in shares of BT Group PLC by 1,068.7% during 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. Royal Bank of Canada grew its holdings in shares of BT Group PLC by 22.8% during the second quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock worth $24,166,000 after buying an additional 230,781 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of BT Group PLC during the third quarter worth $3,613,000. Finally, Bank of Montreal Can grew its holdings 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 valued at $3,875,000 after purchasing an additional 152,742 shares during the period. 0.97% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “BT Group PLC (BT) Sets New 12-Month Low at $16.79” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2017/11/02/bt-group-plc-bt-sets-new-12-month-low-at-16-79.html.

BT Group PLC Company Profile

What are top analysts saying about BT Group PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BT Group PLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit