BT Group PLC (BT) Rating Lowered to Hold at Citigroup Inc.

BT Group PLC (NYSE:BT) was downgraded by Citigroup Inc. from a “buy” rating to a “hold” rating in a research note issued on Monday.

BT has been the topic of a number of other reports. Zacks Investment Research raised BT Group PLC from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, August 28th. BidaskClub raised BT Group PLC from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 265 ($3.48) price objective on shares of BT Group PLC in a report on Thursday, August 24th. Bank of America Corporation lowered BT Group PLC from a “buy” rating to a “neutral” rating in a report on Monday, June 19th. Finally, BNP Paribas reissued an “underperform” rating and issued a GBX 240 ($3.16) price objective on shares of BT Group PLC in a report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $334.00.

BT Group PLC (NYSE:BT) opened at 18.65 on Monday. BT Group PLC has a 12 month low of $18.06 and a 12 month high of $24.65. The firm has a 50-day moving average price of $19.07 and a 200 day moving average price of $19.61. The stock has a market capitalization of $37.07 billion, a PE ratio of 17.59 and a beta of 1.04.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of BT Group PLC by 22.8% in the second quarter. Royal Bank of Canada now owns 1,245,026 shares of the utilities provider’s stock valued at $24,166,000 after acquiring an additional 230,781 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of BT Group PLC by 1,839.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock valued at $20,349,000 after acquiring an additional 994,311 shares in the last quarter. Sit Investment Associates Inc. lifted its position in shares of BT Group PLC by 1,068.7% in the second quarter. Sit Investment Associates Inc. now owns 721,080 shares of the utilities provider’s stock valued at $13,996,000 after acquiring an additional 659,380 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of BT Group PLC in the first quarter valued at approximately $12,554,000. Finally, FMR LLC lifted its position in shares of BT Group PLC by 10.5% in the first quarter. FMR LLC now owns 441,888 shares of the utilities provider’s stock valued at $8,878,000 after acquiring an additional 42,130 shares in the last quarter. Institutional investors and hedge funds own 0.99% of the company’s stock.

BT Group PLC Company Profile

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