BT Group (LON:BT.A) Given Sell Rating at Deutsche Bank

BT Group (LON:BT.A)‘s stock had its “sell” rating reaffirmed by research analysts at Deutsche Bank in a report released on Thursday, December 21st. They currently have a GBX 248 ($3.36) target price on the communications services company’s stock. Deutsche Bank’s price objective would indicate a potential downside of 9.79% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Credit Suisse Group downgraded BT Group to a “neutral” rating and decreased their price objective for the company from GBX 360 ($4.88) to GBX 310 ($4.20) in a report on Monday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 410 ($5.56) price target on shares of BT Group in a report on Wednesday, December 6th. set a GBX 360 ($4.88) price target on BT Group and gave the stock a “buy” rating in a report on Thursday, September 7th. Jefferies Group cut their price objective on BT Group from GBX 280 ($3.80) to GBX 265 ($3.59) and set a “hold” rating for the company in a research report on Wednesday, October 25th. Finally, Barclays set a GBX 420 ($5.70) price target on BT Group and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. BT Group presently has a consensus rating of “Hold” and a consensus price target of GBX 330.16 ($4.48).

Shares of BT Group (BT.A) traded up GBX 4.05 ($0.05) on Thursday, reaching GBX 274.90 ($3.73). The company had a trading volume of 24,020,000 shares, compared to its average volume of 17,290,000. The firm has a market capitalization of $27,260.00 and a P/E ratio of 1,718.13. BT Group has a 52-week low of GBX 242.20 ($3.28) and a 52-week high of GBX 398.79 ($5.41).

In related news, insider Mike Inglis bought 1,999 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of GBX 248 ($3.36) per share, with a total value of £4,957.52 ($6,722.97). Also, insider Nicholas (Nick) Rose bought 100,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of GBX 251 ($3.40) per share, for a total transaction of £251,000 ($340,385.14).

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