BT Group plc (NYSE:BT) Receives Average Recommendation of “Hold” from Brokerages

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BT Group plc (NYSE:BT) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company.

A number of equities research analysts have issued reports on BT shares. UBS Group lowered shares of BT Group from a “neutral” rating to a “sell” rating in a report on Friday, December 6th. Barclays lowered shares of BT Group from an “equal weight” rating to an “underweight” rating in a report on Monday, November 18th.

Several institutional investors and hedge funds have recently made changes to their positions in BT. Marshall Wace LLP acquired a new stake in shares of BT Group in the 1st quarter valued at $133,000. Marshall Wace North America L.P. acquired a new stake in shares of BT Group in the 1st quarter valued at $57,000. FMR LLC raised its holdings in shares of BT Group by 0.9% in the 1st quarter. FMR LLC now owns 394,763 shares of the utilities provider’s stock valued at $5,838,000 after purchasing an additional 3,581 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of BT Group by 12.3% in the 1st quarter. First Trust Advisors LP now owns 38,506 shares of the utilities provider’s stock valued at $570,000 after purchasing an additional 4,220 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of BT Group by 15.5% in the 2nd quarter. Wells Fargo & Company MN now owns 270,552 shares of the utilities provider’s stock valued at $3,455,000 after purchasing an additional 36,407 shares in the last quarter. Institutional investors and hedge funds own 1.11% of the company’s stock.

The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.73 and a beta of 0.74. BT Group has a fifty-two week low of $9.53 and a fifty-two week high of $17.33. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.05 and a current ratio of 1.09. The business’s 50-day simple moving average is $9.68 and its 200 day simple moving average is $11.32.

BT Group Company Profile

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 (NYSE:BT)

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