BT Group (BT) Lifted to “Buy” at UBS

UBS upgraded shares of BT Group (NYSE:BT) from a neutral rating to a buy rating in a report issued on Wednesday, The Fly reports.

BT has been the topic of a number of other reports. Zacks Investment Research upgraded shares of BT Group from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Monday, August 28th. Credit Suisse Group reduced their price target on shares of BT Group from GBX 320 ($4.31) to GBX 280 ($3.77) and set a neutral rating on the stock in a research note on Tuesday, November 7th. Deutsche Bank restated a sell rating and issued a GBX 265 ($3.57) price target on shares of BT Group in a research note on Thursday, October 26th. Finally, Beaufort Securities downgraded shares of BT Group to a hold rating and reduced their price target for the company from GBX 340 ($4.58) to GBX 265 ($3.57) in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $317.18.

Shares of BT Group (BT) opened at $18.53 on Wednesday. BT Group has a one year low of $16.15 and a one year high of $24.65. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.50. The firm has a market cap of $36,753.57, a P/E ratio of 10.24, a PEG ratio of 5.16 and a beta of 0.99.

The firm also recently announced a None dividend, which will be paid on Monday, February 12th. Investors of record on Friday, December 29th will be given a dividend of $0.297 per share. The ex-dividend date is Thursday, December 28th. This represents a yield of 3.84%. BT Group’s dividend payout ratio is presently 91.35%.

A number of large investors have recently bought and sold shares of the stock. Stephens Inc. AR boosted its position in BT Group by 3.2% during the 2nd quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock worth $217,000 after buying an additional 343 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in BT Group by 7.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock worth $329,000 after buying an additional 1,204 shares during the period. Suntrust Banks Inc. boosted its position in BT Group by 4.1% during the 2nd quarter. Suntrust Banks Inc. now owns 64,116 shares of the utilities provider’s stock worth $1,242,000 after buying an additional 2,525 shares during the period. Cubist Systematic Strategies LLC raised its holdings in BT Group by 16.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 24,522 shares of the utilities provider’s stock worth $476,000 after purchasing an additional 3,417 shares during the last quarter. Finally, Berkeley Capital Partners LLC raised its holdings in BT Group by 10.5% during the 3rd quarter. Berkeley Capital Partners LLC now owns 36,086 shares of the utilities provider’s stock worth $694,000 after purchasing an additional 3,434 shares during the last quarter. Institutional investors and hedge funds own 0.96% of the company’s stock.

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