BT Group (NYSE:BT) Rating Lowered to Sell at UBS Group

BT Group (NYSE:BT) was downgraded by equities researchers at UBS Group from a “neutral” rating to a “sell” rating in a report released on Friday, The Fly reports.

Separately, Barclays cut shares of BT Group from an “equal weight” rating to an “underweight” rating in a report on Monday, November 18th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. BT Group currently has an average rating of “Hold” and a consensus price target of $17.00.

The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $9.68 and its 200-day moving average is $11.32. BT Group has a fifty-two week low of $9.53 and a fifty-two week high of $17.33. The stock has a market capitalization of $15.12 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.73 and a beta of 0.74.

Institutional investors have recently bought and sold shares of the business. Jefferies Group LLC purchased a new position in shares of BT Group in the second quarter valued at $1,787,000. A.R.T. Advisors LLC acquired a new position in BT Group during the second quarter worth about $584,000. Envestnet Asset Management Inc. raised its position in BT Group by 10.1% during the second quarter. Envestnet Asset Management Inc. now owns 174,622 shares of the utilities provider’s stock worth $2,230,000 after acquiring an additional 16,014 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of BT Group by 388.4% in the second quarter. LPL Financial LLC now owns 91,196 shares of the utilities provider’s stock valued at $1,165,000 after purchasing an additional 72,522 shares in the last quarter. Finally, Morningstar Investment Services LLC lifted its holdings in shares of BT Group by 6.9% in the second quarter. Morningstar Investment Services LLC now owns 2,050,849 shares of the utilities provider’s stock valued at $26,190,000 after purchasing an additional 131,756 shares in the last quarter. 1.11% of the stock is currently owned by institutional investors.

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; 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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