BT Group (OTCMKTS:BTGOF) Trading Up 1.3% – Here’s What Happened

BT Group plc (OTCMKTS:BTGOF) was up 1.3% on Friday . The stock traded as high as $2.4070 and last traded at $2.4070. Approximately 9,635 shares changed hands during trading, a decline of 59% from the average daily volume of 23,292 shares. The stock had previously closed at $2.3750.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BTGOF shares. New Street Research cut 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 report on Monday, September 1st. Finally, BNP Paribas lowered shares of BT Group to an “underperform” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, BT Group presently has a consensus rating of “Reduce”.

BT Group Stock Performance

The stock has a 50 day simple moving average of $2.39 and a 200-day simple moving average of $2.56.

Hedge Funds Weigh In On BT Group

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

BT Group Company Profile

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.