BT Group (BT) Stock Price Down 5.3%

BT Group plc (NYSE:BT)’s share price fell 5.3% during mid-day trading on Friday . The company traded as low as $17.47 and last traded at $17.73. 2,913,763 shares changed hands during trading, an increase of 151% from the average session volume of 1,162,459 shares. The stock had previously closed at $18.73.

A number of brokerages have recently issued reports on BT. Zacks Investment Research upgraded shares of BT Group from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday. Bank of America upgraded shares of BT Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. UBS Group upgraded shares of BT Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 13th. ValuEngine upgraded shares of BT Group from a “hold” rating to a “buy” rating in a research report on Monday, November 27th. Finally, Citigroup reiterated a “neutral” rating on shares of BT Group in a research report on Friday, November 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. BT Group currently has a consensus rating of “Hold” and an average target price of $317.12.

The firm has a market cap of $34,300.00, a price-to-earnings ratio of 15.83 and a beta of 0.92. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.75 and a current ratio of 0.77.

BT Group (NYSE:BT) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.42 earnings per share for the quarter. BT Group had a net margin of 6.52% and a return on equity of 34.46%. The business had revenue of $7.79 billion for the quarter. equities research analysts expect that BT Group plc will post 1.92 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in BT. Cambridge Investment Research Advisors Inc. acquired a new stake in BT Group in the third quarter worth $224,000. FDx Advisors Inc. acquired a new stake in BT Group in the third quarter worth $233,000. Raymond James Financial Services Advisors Inc. raised its holdings in BT Group by 7.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 1,204 shares during the period. JPMorgan Chase & Co. raised its holdings in BT Group by 8,240.7% in the second quarter. JPMorgan Chase & Co. now owns 23,354 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 23,074 shares during the period. Finally, Sei Investments Co. raised its holdings in BT Group by 47.0% in the third quarter. Sei Investments Co. now owns 23,616 shares of the utilities provider’s stock worth $454,000 after purchasing an additional 7,549 shares during the period. Institutional investors and hedge funds own 0.92% of the company’s stock.

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About BT Group

BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.

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