According to Zacks, “BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. “
Several other analysts have also weighed in on BT. Deutsche Bank AG reissued a sell rating and set a GBX 410 ($5.00) price objective on shares of BT Group PLC in a report on Friday, June 24th. Barclays PLC reissued an overweight rating and set a GBX 600 ($7.31) price objective on shares of BT Group PLC in a report on Wednesday, June 22nd. Jefferies Group decreased their price objective on BT Group PLC from GBX 475 ($5.79) to GBX 400 ($4.88) and set a hold rating on the stock in a report on Tuesday, June 21st. JPMorgan Chase & Co. decreased their price objective on BT Group PLC from GBX 530 ($6.46) to GBX 490 ($5.97) and set an overweight rating on the stock in a report on Thursday, June 30th. Finally, Goldman Sachs Group Inc. lifted their price objective on BT Group PLC from GBX 540 ($6.58) to GBX 560 ($6.83) and gave the stock a conviction-buy rating in a report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $451.17.
BT Group PLC (NYSE:BT) traded up 1.63% on Monday, hitting $23.71. The stock had a trading volume of 106,998 shares. BT Group PLC has a 1-year low of $22.49 and a 1-year high of $37.69. The firm has a market cap of $47.10 billion, a P/E ratio of 12.75 and a beta of 1.14. The firm’s 50-day moving average price is $25.07 and its 200-day moving average price is $28.39.
Several large investors have recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of BT Group PLC by 33.1% in the second quarter. Sei Investments Co. now owns 4,131 shares of the company’s stock worth $115,000 after buying an additional 1,027 shares during the period. MSI Financial Services Inc boosted its stake in shares of BT Group PLC by 15.4% in the third quarter. MSI Financial Services Inc now owns 5,675 shares of the company’s stock worth $144,000 after buying an additional 756 shares during the period. NEXT Financial Group Inc boosted its stake in shares of BT Group PLC by 0.9% in the second quarter. NEXT Financial Group Inc now owns 5,375 shares of the company’s stock worth $149,000 after buying an additional 50 shares during the period. Advisor Group Inc. bought a new stake in shares of BT Group PLC during the second quarter worth approximately $169,000. Finally, Creative Planning boosted its stake in shares of BT Group PLC by 394.9% in the second quarter. Creative Planning now owns 6,642 shares of the company’s stock worth $185,000 after buying an additional 5,300 shares during the period. 1.17% of the stock is owned by institutional investors and hedge funds.
About BT Group PLC
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