BT Group’s (BT.A) Equal weight Rating Reaffirmed at Morgan Stanley

BT Group (LON:BT.A)‘s stock had its “equal weight” rating reiterated by stock analysts at Morgan Stanley in a research note issued to investors on Wednesday. They presently have a GBX 290 ($4.01) price objective on the communications services company’s stock. Morgan Stanley’s target price points to a potential upside of 27.36% from the company’s current price.

A number of other brokerages also recently weighed in on BT.A. Sanford C. Bernstein set a GBX 355 ($4.90) target price on shares of BT Group and gave the stock a “buy” rating in a report on Monday, January 15th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 280 ($3.87) price objective on shares of BT Group in a report on Friday, January 12th. Macquarie reiterated an “outperform” rating on shares of BT Group in a report on Wednesday, January 3rd. Numis Securities reiterated a “buy” rating and issued a GBX 400 ($5.53) price objective on shares of BT Group in a report on Thursday, January 11th. Finally, Deutsche Bank reiterated a “sell” rating and issued a GBX 248 ($3.43) price objective on shares of BT Group in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 325.95 ($4.50).

Shares of BT Group (LON BT.A) traded up GBX 1.85 ($0.03) on Wednesday, reaching GBX 227.70 ($3.15). 16,000,000 shares of the company were exchanged, compared to its average volume of 21,350,000. The firm has a market capitalization of $22,590.00 and a P/E ratio of 1,339.41. BT Group has a fifty-two week low of GBX 225.85 ($3.12) and a fifty-two week high of GBX 349.20 ($4.82).

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About BT Group

BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.

Analyst Recommendations for BT Group (LON:BT.A)

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