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

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

BTGOF has been the topic of a number of research reports. New Street Research lowered shares of BT Group to a “neutral” rating in a research note on Tuesday, September 30th. Citigroup restated a “sell” rating on shares of BT Group in a research report on Monday, September 1st. Finally, BNP Paribas lowered BT Group to an “underperform” rating in a research note on Thursday, October 2nd.

Institutional Investors Weigh In On BT Group

A hedge fund recently bought a new stake in BT Group stock. Boston Common Asset Management LLC purchased a new position in BT Group plc (OTCMKTS:BTGOF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,804 shares of the company’s stock, valued at approximately $138,000. 38.14% of the stock is currently owned by hedge funds and other institutional investors.

BT Group Stock Down 1.2%

BTGOF opened at $2.40 on Tuesday. The firm’s fifty day simple moving average is $2.39 and its two-hundred day simple moving average is $2.56. BT Group has a 52-week low of $1.60 and a 52-week high of $2.97.

BT Group Company Profile

BT Group plc is a leading global telecommunications and networked IT services provider headquartered in London, United Kingdom. Through its principal operating company, British Telecommunications plc, the group offers a comprehensive range of communication solutions that span fixed-line telephony, broadband internet, mobile services, digital television and advanced network-based IT and cloud services. Its end-to-end portfolio is designed to meet the needs of consumer, business and public sector clients seeking high-speed connectivity, unified communications and managed security solutions.

The company’s product lineup includes consumer broadband packages under the Openreach and Plusnet brands, converged mobile and fixed voice bundles marketed through EE, and bespoke network infrastructure for enterprise customers.