BT Group PLC (BT) Downgraded to Long Term Buy at Beaufort Securities

Beaufort Securities downgraded shares of BT Group PLC (NYSE:BT) to a long term buy rating in a research note released on Friday, July 21st, StockTargetPrices.com reports. The brokerage currently has GBX 340 ($4.41) price target on the utilities provider’s stock.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of BT Group PLC from a sell rating to a hold rating in a research note on Monday, April 17th. Deutsche Bank AG restated a sell rating on shares of BT Group PLC in a research note on Friday, April 28th. Bank of America Corporation lowered shares of BT Group PLC from a buy rating to a neutral rating in a research note on Monday, June 19th. Exane BNP Paribas lowered shares of BT Group PLC from a neutral rating to an underperform rating in a research note on Thursday, May 25th. Finally, J P Morgan Chase & Co restated a neutral rating and issued a GBX 330 ($4.28) price objective on shares of BT Group PLC in a research note on Monday, March 27th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. BT Group PLC presently has a consensus rating of Hold and an average price target of $339.33.

BT Group PLC (NYSE:BT) traded down 0.41% during midday trading on Friday, reaching $19.24. 543,889 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $19.88 and its 200-day moving average price is $19.89. BT Group PLC has a 1-year low of $18.06 and a 1-year high of $26.76. The company has a market capitalization of $38.24 billion, a PE ratio of 18.15 and a beta of 1.05.

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The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 11th will be issued a dividend of $0.6804 per share. This represents a yield of 6.86%. The ex-dividend date of this dividend is Wednesday, August 9th. BT Group PLC’s dividend payout ratio is currently 90.39%.

Several hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of BT Group PLC during the second quarter valued at about $129,000. Creative Planning increased its stake in shares of BT Group PLC by 5.9% in the second quarter. Creative Planning now owns 6,750 shares of the utilities provider’s stock valued at $131,000 after buying an additional 377 shares during the period. Quadrant Capital Group LLC increased its stake in shares of BT Group PLC by 512.6% in the first quarter. Quadrant Capital Group LLC now owns 7,474 shares of the utilities provider’s stock valued at $145,000 after buying an additional 6,254 shares during the period. Rational Advisors LLC increased its stake in shares of BT Group PLC by 14.3% in the first quarter. Rational Advisors LLC now owns 7,977 shares of the utilities provider’s stock valued at $160,000 after buying an additional 997 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of BT Group PLC during the first quarter valued at about $205,000. 1.03% of the stock is currently owned by institutional investors.

BT Group PLC Company Profile