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

Credit Suisse Group restated their buy rating on shares of BT Group – CLASS A (LON:BT.A) in a report issued on Thursday, Borsen Zeitung reports. The firm currently has a GBX 280 ($3.66) price target on the communications services company’s stock.

A number of other equities analysts also recently commented on the company. Jefferies Financial Group reissued a buy rating and set a GBX 330 ($4.31) price objective on shares of BT Group – CLASS A in a research report on Monday, December 2nd. JPMorgan Chase & Co. lowered their price target on shares of BT Group – CLASS A from GBX 290 ($3.79) to GBX 260 ($3.40) and set an overweight rating for the company in a report on Monday, November 4th. Citigroup dropped their price objective on shares of BT Group – CLASS A from GBX 220 ($2.87) to GBX 205 ($2.68) and set a neutral rating on the stock in a research report on Friday, November 8th. Goldman Sachs Group reaffirmed a buy rating and set a GBX 255 ($3.33) price objective on shares of BT Group – CLASS A in a research report on Thursday. Finally, DZ Bank dropped their price objective on BT Group – CLASS A from GBX 250 ($3.27) to GBX 230 ($3.01) and set a buy rating on the stock in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. BT Group – CLASS A presently has a consensus rating of Hold and a consensus target price of GBX 233.33 ($3.05).

BT.A stock opened at GBX 191.16 ($2.50) on Thursday. The company has a debt-to-equity ratio of 231.66, a current ratio of 1.05 and a quick ratio of 0.93. The firm has a market capitalization of $18.89 billion and a P/E ratio of 7.93. The business’s 50-day moving average is GBX 196.25 and its two-hundred day moving average is GBX 189.36. BT Group – CLASS A has a 1 year low of GBX 157.67 ($2.06) and a 1 year high of GBX 264.75 ($3.46).

In other news, insider Philip Jansen acquired 584,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were bought at an average price of GBX 171 ($2.23) per share, with a total value of £998,640 ($1,304,900.04).

About BT Group – CLASS A

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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