Deutsche Bank AG Reaffirms Sell Rating for BT Group PLC (BT)

Deutsche Bank AG reaffirmed their sell rating on shares of BT Group PLC (NYSE:BT) in a research note published on Tuesday, StockTargetPrices.com reports. They currently have a GBX 265 ($3.43) price target on the utilities provider’s stock.

Several other equities analysts have also recently weighed in on BT. Barclays PLC reaffirmed an overweight rating and set a GBX 475 ($6.15) target price on shares of BT Group PLC in a research note on Monday, March 13th. HSBC Holdings plc reissued a buy rating and issued a GBX 425 ($5.51) price objective on shares of BT Group PLC in a research note on Monday, March 13th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 330 ($4.27) price objective on shares of BT Group PLC in a research note on Monday, March 13th. BNP Paribas reissued a neutral rating and issued a GBX 330 ($4.27) price objective on shares of BT Group PLC in a research note on Tuesday, March 14th. Finally, Credit Suisse Group reissued a neutral rating and issued a GBX 400 ($5.18) price objective on shares of BT Group PLC in a research note on Thursday, March 30th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $348.22.

Shares of BT Group PLC (NYSE:BT) opened at 19.74 on Tuesday. The stock’s 50 day moving average is $19.56 and its 200-day moving average is $20.61. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $27.83. The company has a market capitalization of $39.05 billion, a P/E ratio of 15.92 and a beta of 1.04.

BT Group PLC (NYSE:BT) last posted its earnings results on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.88 billion. BT Group PLC had a net margin of 8.48% and a return on equity of 36.64%. Analysts anticipate that BT Group PLC will post $3.83 earnings per share for the current year.

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The firm also recently announced a semiannual dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 11th will be given a dividend of $0.6804 per share. This represents a yield of 6.86%. The ex-dividend date is Wednesday, August 9th. BT Group PLC’s dividend payout ratio (DPR) is 70.87%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in BT Group PLC by 15.9% in the fourth quarter. FMR LLC now owns 399,758 shares of the utilities provider’s stock worth $9,206,000 after buying an additional 54,830 shares during the period. Guggenheim Capital LLC acquired a new position in BT Group PLC during the fourth quarter worth approximately $393,000. Quadrant Capital Group LLC increased its position in BT Group PLC by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock worth $145,000 after buying an additional 6,254 shares during the period. Bank of Montreal Can increased its position in BT Group PLC by 252.2% in the first quarter. Bank of Montreal Can now owns 46,862 shares of the utilities provider’s stock worth $941,000 after buying an additional 33,555 shares during the period. Finally, Capstone Asset Management Co. increased its position in BT Group PLC by 6.8% in the first quarter. Capstone Asset Management Co. now owns 163,993 shares of the utilities provider’s stock worth $3,295,000 after buying an additional 10,420 shares during the period. 1.01% of the stock is currently owned by institutional investors and hedge funds.

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