Goldman Sachs Group Reaffirms “Buy” Rating for BT Group – CLASS A (LON:BT.A)

Goldman Sachs Group reiterated their buy rating on shares of BT Group – CLASS A (LON:BT.A) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently weighed in on the stock. UBS Group reissued a neutral rating on shares of BT Group – CLASS A in a research note on Monday, August 5th. JPMorgan Chase & Co. set a GBX 290 ($3.79) price target on shares of BT Group – CLASS A and gave the company a buy rating in a research note on Friday, August 2nd. Credit Suisse Group set a GBX 280 ($3.66) price target on shares of BT Group – CLASS A and gave the company a buy rating in a research note on Wednesday, July 10th. Deutsche Bank reissued a sell rating on shares of BT Group – CLASS A in a research note on Thursday, August 8th. Finally, Barclays reissued an equal weight rating on shares of BT Group – CLASS A in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. BT Group – CLASS A has an average rating of Buy and a consensus price target of GBX 266.82 ($3.49).

BT Group – CLASS A stock opened at GBX 164.38 ($2.15) on Tuesday. The firm has a 50 day simple moving average of GBX 188.86 and a 200-day simple moving average of GBX 210.37. BT Group – CLASS A has a 1-year low of GBX 171.20 ($2.24) and a 1-year high of GBX 268.60 ($3.51). The company has a debt-to-equity ratio of 165.99, a current ratio of 1.09 and a quick ratio of 0.88. The stock has a market cap of $16.24 billion and a price-to-earnings ratio of 7.61.

In related news, insider Philip Jansen acquired 1,484,413 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average price of GBX 202 ($2.64) per share, with a total value of £2,998,514.26 ($3,918,089.98). Also, insider Allison Kirkby acquired 25,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were bought at an average cost of GBX 203 ($2.65) per share, with a total value of £50,750 ($66,313.86).

BT Group – CLASS A 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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Analyst Recommendations for BT Group - CLASS A (LON:BT.A)

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