BT Group plc (OTCMKTS:BTGOF) Receives Consensus Rating of “Reduce” from Analysts

BT Group plc (OTCMKTS:BTGOF) has received an average rating of “Reduce” from the six analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company.

A number of analysts recently weighed in on BTGOF shares. Morgan Stanley reissued an “overweight” rating on shares of BT Group in a research report on Monday, August 11th. BNP Paribas downgraded BT Group to an “underperform” rating in a report on Thursday, October 2nd. New Street Research lowered BT Group to a “neutral” rating in a research note on Tuesday, September 30th. Finally, Citigroup reaffirmed a “sell” rating on shares of BT Group in a research report on Monday, September 1st.

BT Group Stock Performance

BT Group stock opened at $2.47 on Monday. BT Group has a 12-month low of $1.60 and a 12-month high of $2.97. The firm has a 50-day moving average price of $2.60 and a 200-day moving average price of $2.53.

Institutional Investors Weigh In On BT Group

An institutional investor recently bought a new position in BT Group stock. Boston Common Asset Management LLC bought a new position in BT Group plc (OTCMKTS:BTGOF) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 53,804 shares of the company’s stock, valued at approximately $138,000. 38.14% of the stock is owned by institutional investors and hedge funds.

About BT Group

BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Consumer, Enterprise, Global, and Openreach segments. The company builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related solutions.