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 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.

Featured Article: How Important is Technical Analysis of Stocks

The Fly

Analyst Recommendations for BT Group (NYSE:BT)

Receive News & Ratings for BT Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit