BT Group (NYSE:BT) shares hit a new 52-week high and low on Friday . The stock traded as low as $13.71 and last traded at $13.68, with a volume of 87757 shares. The stock had previously closed at $13.82.
Several research analysts have weighed in on BT shares. Zacks Investment Research raised shares of BT Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, January 31st. Deutsche Bank raised shares of BT Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Berenberg Bank raised shares of BT Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. ValuEngine lowered shares of BT Group from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Barclays lowered shares of BT Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 3rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $304.93.
The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.96 and a current ratio of 0.98. The stock has a market capitalization of $27.15 billion, a PE ratio of 7.39, a PEG ratio of 14.83 and a beta of 1.00.
The firm also recently declared a semiannual dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 10th will be given a $0.711 dividend. This is an increase from BT Group’s previous semiannual dividend of $0.68. This represents a dividend yield of 9.9%. The ex-dividend date is Thursday, August 9th. BT Group’s dividend payout ratio (DPR) is presently 52.97%.
Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted its position in BT Group by 126.9% in the 1st quarter. Millennium Management LLC now owns 323,951 shares of the utilities provider’s stock valued at $5,235,000 after purchasing an additional 181,179 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in BT Group in the 1st quarter valued at about $461,000. Point72 Asset Management L.P. bought a new stake in BT Group in the 1st quarter valued at about $2,069,000. Freestone Capital Holdings LLC lifted its position in BT Group by 241.5% in the 1st quarter. Freestone Capital Holdings LLC now owns 532,624 shares of the utilities provider’s stock valued at $8,607,000 after purchasing an additional 376,650 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new stake in BT Group in the 1st quarter valued at about $591,000. Institutional investors own 0.92% of the company’s stock.
About BT Group
BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers and the online BT Shop, as well as through Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages.
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