BT Group PLC’s (BT) Hold Rating Reaffirmed at Jefferies Group LLC

BT Group PLC (NYSE:BT)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group LLC in a research note issued to investors on Wednesday. They currently have a GBX 280 ($3.62) target price on the utilities provider’s stock.

A number of other research analysts have also recently commented on the stock. Macquarie reissued an “outperform” rating on shares of BT Group PLC in a report on Tuesday. ValuEngine lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.42) price objective on shares of BT Group PLC in a report on Thursday, August 24th. Finally, BidaskClub lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $339.22.

Shares of BT Group PLC (NYSE:BT) opened at 19.02 on Wednesday. The stock’s 50 day moving average is $19.66 and its 200 day moving average is $19.81. The firm has a market cap of $37.80 billion, a PE ratio of 18.38 and a beta of 1.06. BT Group PLC has a 12 month low of $18.06 and a 12 month high of $26.35.

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Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its position in shares of BT Group PLC by 22.8% during the 2nd quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock worth $24,166,000 after buying an additional 230,781 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of BT Group PLC by 1,839.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after buying an additional 994,311 shares during the period. Sit Investment Associates Inc. grew its position in shares of BT Group PLC by 1,068.7% during the 2nd quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock worth $13,996,000 after buying an additional 659,380 shares during the period. Jane Street Group LLC acquired a new stake in shares of BT Group PLC during the 1st quarter worth approximately $12,554,000. Finally, FMR LLC grew its position in shares of BT Group PLC by 10.5% during the 1st quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock worth $8,878,000 after buying an additional 42,130 shares during the period. 0.99% of the stock is owned by institutional investors.

BT Group PLC Company Profile

Analyst Recommendations for BT Group PLC (NYSE:BT)

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