Zacks Investment Research Upgrades BT Group (BT) to “Hold”

BT Group (NYSE:BT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, January 4th.

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. “

Other analysts also recently issued research reports about the stock. Macquarie reaffirmed an “outperform” rating and set a GBX 355 ($4.81) price target on shares of BT Group in a research note on Tuesday, September 12th. UBS Group raised shares of BT Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 13th. Goldman Sachs Group reissued a “neutral” rating and issued a GBX 340 ($4.61) price objective on shares of BT Group in a research note on Monday, September 18th. Jefferies Group reissued a “hold” rating and issued a GBX 280 ($3.80) price objective on shares of BT Group in a research note on Wednesday, September 13th. Finally, Morgan Stanley reduced their price objective on shares of BT Group from GBX 350 ($4.75) to GBX 320 ($4.34) and set an “equal weight” rating for the company in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $317.18.

BT Group (NYSE BT) traded up $0.47 on Thursday, reaching $18.89. The company had a trading volume of 710,763 shares, compared to its average volume of 912,654. The stock has a market capitalization of $37,290.00, a price-to-earnings ratio of 17.82 and a beta of 0.93. BT Group has a 12 month low of $16.15 and a 12 month high of $24.49. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 1.46.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Stephens Inc. AR raised its position in shares of BT Group by 3.2% in the second quarter. Stephens Inc. AR now owns 11,204 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 343 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of BT Group by 7.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,935 shares of the utilities provider’s stock worth $329,000 after acquiring an additional 1,204 shares during the period. Suntrust Banks Inc. raised its position in shares of BT Group by 4.1% in the second quarter. Suntrust Banks Inc. now owns 64,116 shares of the utilities provider’s stock worth $1,242,000 after acquiring an additional 2,525 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of BT Group by 16.2% in the second quarter. Cubist Systematic Strategies LLC now owns 24,522 shares of the utilities provider’s stock worth $476,000 after acquiring an additional 3,417 shares during the period. Finally, Berkeley Capital Partners LLC raised its position in shares of BT Group by 10.5% in the third quarter. Berkeley Capital Partners LLC now owns 36,086 shares of the utilities provider’s stock worth $694,000 after acquiring an additional 3,434 shares during the period. 0.96% of the stock is currently owned by hedge funds and other institutional investors.

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