JPMorgan Chase & Co. upgraded shares of BT Group (NYSE:BT) from a neutral rating to a buy rating in a report published on Thursday, The Fly reports.
A number of other research analysts also recently commented on BT. Zacks Investment Research raised shares of BT Group from a sell rating to a hold rating in a research report on Tuesday, October 30th. Royal Bank of Canada downgraded shares of BT Group from an outperform rating to a hold rating in a research report on Wednesday, July 25th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $149.50.
Shares of BT stock traded up $0.09 during trading hours on Thursday, reaching $17.15. 1,917,776 shares of the stock traded hands, compared to its average volume of 1,078,736. BT Group has a 1-year low of $13.53 and a 1-year high of $18.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.80. The firm has a market capitalization of $34.03 billion, a P/E ratio of 9.27, a P/E/G ratio of 10.30 and a beta of 0.65.
Hedge funds have recently bought and sold shares of the business. Tuttle Tactical Management bought a new stake in BT Group in the second quarter worth approximately $115,000. Barclays PLC grew its position in BT Group by 377.3% in the first quarter. Barclays PLC now owns 10,500 shares of the utilities provider’s stock worth $170,000 after acquiring an additional 8,300 shares in the last quarter. Ausdal Financial Partners Inc. bought a new stake in BT Group in the second quarter worth approximately $153,000. Advisor Partners LLC bought a new stake in BT Group in the second quarter worth approximately $154,000. Finally, Fox Run Management L.L.C. bought a new stake in BT Group in the third quarter worth approximately $165,000. 0.79% of the stock is owned by institutional investors.
BT Group Company Profile
BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.
See Also: Cash Flow
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