BT Group plc (BT) Receives Average Rating of “Hold” from Analysts

BT Group plc (NYSE:BT) has earned a consensus recommendation of “Hold” from the twenty-two research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $332.50.

BT has been the subject of several analyst reports. Zacks Investment Research upgraded BT Group from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, October 2nd. Credit Suisse Group cut their price target on BT Group from GBX 320 ($4.28) to GBX 280 ($3.74) and set a “neutral” rating for the company in a report on Tuesday, November 7th. Deutsche Bank reissued a “sell” rating and set a GBX 265 ($3.54) price objective on shares of BT Group in a research note on Thursday, October 26th. Beaufort Securities cut shares of BT Group to a “hold” rating and lowered their price objective for the company from GBX 340 ($4.55) to GBX 265 ($3.54) in a research note on Friday, November 3rd. Finally, BNP Paribas reissued an “underperform” rating and set a GBX 240 ($3.21) price objective on shares of BT Group in a research note on Thursday, September 14th.

BT Group (BT) opened at $18.22 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $36,138.70, a price-to-earnings ratio of 17.52 and a beta of 0.98. BT Group has a twelve month low of $16.15 and a twelve month high of $24.65.

The business also recently announced a None dividend, which will be paid on Monday, February 12th. Stockholders of record on Friday, December 29th will be paid a $0.297 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a dividend yield of 3.84%. BT Group’s dividend payout ratio (DPR) is presently 92.31%.

Several institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its position in BT Group by 1,839.9% in the 2nd 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. Royal Bank of Canada grew its position in BT Group by 22.8% in the 2nd 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. Crossmark Global Holdings Inc. bought a new position in BT Group in the 3rd quarter worth about $3,613,000. Aperio Group LLC grew its position in BT Group by 40.8% in the 3rd quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock worth $9,580,000 after purchasing an additional 144,367 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in shares of BT Group by 166.0% in the third quarter. Susquehanna International Group LLP now owns 153,200 shares of the utilities provider’s stock valued at $2,948,000 after acquiring an additional 95,600 shares in the last quarter. Institutional investors and hedge funds own 0.96% of the company’s stock.

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BT Group Company Profile

Analyst Recommendations for BT Group (NYSE:BT)

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