BT Group plc (NYSE:BT) saw a significant decrease in short interest in the month of March. As of March 29th, there was short interest totalling 2,593,516 shares, a decrease of 41.7% from the March 15th total of 4,445,562 shares. Based on an average daily volume of 966,677 shares, the short-interest ratio is presently 2.7 days.
BT stock opened at $15.23 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.95. BT Group has a fifty-two week low of $13.53 and a fifty-two week high of $17.50. The company has a market cap of $29.88 billion, a P/E ratio of 8.23 and a beta of 0.58.
A number of analysts have issued reports on BT shares. Zacks Investment Research lowered shares of BT Group from a “buy” rating to a “sell” rating in a research note on Tuesday, January 1st. JPMorgan Chase & Co. upgraded shares of BT Group from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 24th. Bank of America lowered shares of BT Group from a “buy” rating to a “neutral” rating in a research note on Thursday, January 31st. Berenberg Bank lowered shares of BT Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Finally, Jefferies Financial Group started coverage on shares of BT Group in a research note on Thursday, March 21st. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.00.
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BT Group Company Profile
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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