BT Group (BT) Rating Increased to Buy at Goldman Sachs Group

Goldman Sachs Group upgraded shares of BT Group (NYSE:BT) from a neutral rating to a buy rating in a report published on Monday, The Fly reports.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. upgraded shares of BT Group from a neutral rating to a buy rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of BT Group from a hold rating to a buy rating and set a $19.00 target price on the stock in a research report on Monday, November 12th. Finally, ValuEngine upgraded shares of BT Group from a sell rating to a hold rating in a research report on Thursday, November 1st. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $19.00.

Shares of BT Group stock opened at $16.37 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.80 and a current ratio of 0.82. The company has a market capitalization of $33.16 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 10.04 and a beta of 0.67. BT Group has a 52 week low of $13.53 and a 52 week high of $18.97.

The firm also recently announced a semiannual dividend, which will be paid on Monday, February 11th. Stockholders of record on Friday, December 28th will be given a dividend of $0.295 per share. The ex-dividend date is Thursday, December 27th. This represents a dividend yield of 3.44%. BT Group’s dividend payout ratio (DPR) is presently 70.81%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dearborn Partners LLC grew its position in shares of BT Group by 31.7% during the third quarter. Dearborn Partners LLC now owns 14,864 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 3,579 shares during the last quarter. US Bancorp DE lifted its holdings in shares of BT Group by 20.0% during the third quarter. US Bancorp DE now owns 29,038 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 4,842 shares during the period. FMR LLC lifted its holdings in shares of BT Group by 1.5% during the third quarter. FMR LLC now owns 386,906 shares of the utilities provider’s stock worth $5,715,000 after purchasing an additional 5,706 shares during the period. Comerica Bank lifted its holdings in shares of BT Group by 5.9% during the third quarter. Comerica Bank now owns 114,931 shares of the utilities provider’s stock worth $1,818,000 after purchasing an additional 6,422 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of BT Group by 11.2% during the second quarter. Bank of Montreal Can now owns 63,891 shares of the utilities provider’s stock worth $924,000 after purchasing an additional 6,451 shares during the period. Institutional investors and hedge funds own 0.83% of the company’s stock.

About BT Group

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.

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Analyst Recommendations for BT Group (NYSE:BT)

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