BT Group PLC’s (BT) Sell Rating Reaffirmed at Deutsche Bank AG

Deutsche Bank AG reaffirmed their sell rating on shares of BT Group PLC (NYSE:BT) in a research note published on Wednesday morning, StockTargetPrices.com reports. The firm currently has a GBX 265 ($3.50) price objective on the utilities provider’s stock.

A number of other analysts have also weighed in on the stock. Zacks Investment Research downgraded shares of BT Group PLC from a buy rating to a hold rating in a report on Tuesday, August 29th. ValuEngine downgraded shares of BT Group PLC from a buy rating to a hold rating in a report on Friday, September 1st. Macquarie reaffirmed an outperform rating and set a GBX 355 ($4.68) price target on shares of BT Group PLC in a report on Tuesday, September 12th. Citigroup Inc. downgraded shares of BT Group PLC from a buy rating to a hold rating in a report on Monday, October 9th. Finally, Morgan Stanley dropped their price target on shares of BT Group PLC from GBX 350 ($4.62) to GBX 320 ($4.22) and set an equal weight rating on the stock in a report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $318.94.

BT Group PLC (BT) opened at $16.51 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.83 and a quick ratio of 0.81. The stock has a market cap of $32,746.97, a PE ratio of 9.12, a P/E/G ratio of 4.01 and a beta of 0.98. BT Group PLC has a 12 month low of $16.44 and a 12 month high of $24.65.

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The firm also recently declared a None dividend, which will be paid on Monday, February 12th. Investors of record on Friday, December 29th will be given a $0.297 dividend. This represents a yield of 3.84%. The ex-dividend date is Thursday, December 28th. BT Group PLC’s dividend payout ratio is presently 91.35%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake 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 valued at $24,166,000 after purchasing an additional 230,781 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake 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 valued at $20,349,000 after purchasing an additional 994,311 shares during the period. Sit Investment Associates Inc. boosted its stake in shares of BT Group PLC by 2.3% during the third quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock valued at $14,197,000 after purchasing an additional 16,820 shares during the period. Aperio Group LLC boosted its stake in shares of BT Group PLC by 40.8% during the third quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock valued at $9,580,000 after purchasing an additional 144,367 shares during the period. Finally, FMR LLC boosted its stake in shares of BT Group PLC by 10.5% during the first quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock valued at $8,878,000 after purchasing an additional 42,130 shares during the period. 0.97% of the stock is owned by institutional investors.

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