BT Group (BT) Upgraded to Buy at Bank of America

Bank of America upgraded shares of BT Group (NYSE:BT) from a neutral rating to a buy rating in a report issued on Tuesday.

Several other brokerages have also weighed in on BT. Macquarie restated an outperform rating and issued a GBX 355 ($4.75) price objective on shares of BT Group in a report on Tuesday, September 12th. Jefferies Group reaffirmed a hold rating and issued a GBX 280 ($3.74) target price on shares of BT Group in a research report on Wednesday, September 13th. Deutsche Bank reissued a sell rating and set a GBX 265 ($3.54) price objective on shares of BT Group in a report on Thursday, September 14th. BNP Paribas reissued an underperform rating and set a GBX 240 ($3.21) price objective on shares of BT Group in a report on Thursday, September 14th. Finally, Numis Securities reissued a buy rating and set a GBX 390 ($5.21) price objective on shares of BT Group in a report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. BT Group has an average rating of Hold and a consensus target price of $317.18.

Shares of BT Group (NYSE:BT) traded up $0.59 on Tuesday, hitting $18.81. The company’s stock had a trading volume of 1,086,300 shares, compared to its average volume of 923,900. BT Group has a one year low of $16.15 and a one year high of $24.65. The firm has a market cap of $36,360.00, a price-to-earnings ratio of 17.75 and a beta of 0.93. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.75 and a current ratio of 0.77.

The company also recently announced a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be given a $0.297 dividend. This represents a dividend yield of 3.84%. The ex-dividend date is Thursday, December 28th. BT Group’s payout ratio is 90.57%.

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in shares of BT Group in the second quarter valued at approximately $129,000. Stephens Inc. AR boosted its stake in shares of BT Group by 3.2% in the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock valued at $217,000 after buying an additional 343 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of BT Group in the third quarter valued at approximately $224,000. FDx Advisors Inc. bought a new stake in shares of BT Group in the third quarter valued at approximately $233,000. Finally, Sei Investments Co. lifted its stake in BT Group by 125.9% during the second quarter. Sei Investments Co. now owns 16,067 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 8,954 shares during the last quarter. 0.96% of the stock is currently owned by institutional investors.

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