BT Group PLC (BT) Downgraded to “Hold” at Citigroup Inc.

Citigroup Inc. lowered shares of BT Group PLC (NYSE:BT) from a buy rating to a hold rating in a report published on Monday.

Several other brokerages also recently commented on BT. Deutsche Bank AG restated a sell rating and set a GBX 265 ($3.48) price objective on shares of BT Group PLC in a research report on Wednesday, August 2nd. Numis Securities Ltd restated a buy rating and set a GBX 390 ($5.13) price objective on shares of BT Group PLC in a research report on Monday, August 7th. BidaskClub upgraded shares of BT Group PLC from a hold rating to a buy rating in a research report on Monday, July 31st. Barclays PLC restated an overweight rating and set a GBX 450 ($5.92) price objective on shares of BT Group PLC in a research report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of BT Group PLC from a hold rating to a sell rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $334.00.

Shares of BT Group PLC (NYSE BT) opened at 18.74 on Monday. BT Group PLC has a 52-week low of $18.06 and a 52-week high of $24.65. The company has a market capitalization of $37.25 billion, a price-to-earnings ratio of 17.68 and a beta of 1.04. The company’s 50-day moving average price is $19.05 and its 200-day moving average price is $19.59.

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Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of BT Group PLC by 22.8% in the second quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock worth $24,166,000 after purchasing an additional 230,781 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of BT Group PLC by 1,839.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after purchasing an additional 994,311 shares during the last quarter. Sit Investment Associates Inc. grew its stake in shares of BT Group PLC by 1,068.7% in the second quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock worth $13,996,000 after purchasing an additional 659,380 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of BT Group PLC in the first quarter worth $12,554,000. Finally, FMR LLC grew its stake in shares of BT Group PLC by 10.5% in the first quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock worth $8,878,000 after purchasing an additional 42,130 shares during the last quarter. 0.99% of the stock is currently owned by institutional investors.

BT Group PLC Company Profile

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