Bank of America Corporation cut shares of BT Group PLC (NYSE:BT) from a buy rating to a neutral rating in a report issued on Monday, Marketbeat.com reports.
Several other research firms also recently weighed in on BT. HSBC Holdings plc restated a buy rating and issued a GBX 425 ($5.41) price objective on shares of BT Group PLC in a report on Monday, March 13th. Credit Suisse Group restated a neutral rating and issued a GBX 400 ($5.10) price objective on shares of BT Group PLC in a report on Thursday, March 30th. Zacks Investment Research upgraded BT Group PLC from a sell rating to a hold rating in a report on Monday, April 3rd. Deutsche Bank AG restated a sell rating and issued a GBX 265 ($3.38) price objective on shares of BT Group PLC in a report on Thursday, June 15th. Finally, Barclays PLC restated an overweight rating and issued a GBX 450 ($5.73) price objective on shares of BT Group PLC in a report on Thursday, June 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. BT Group PLC presently has a consensus rating of Hold and an average target price of $344.59.
BT Group PLC (NYSE BT) opened at 18.15 on Monday. BT Group PLC has a 52 week low of $18.08 and a 52 week high of $32.85. The company has a 50 day moving average of $19.84 and a 200 day moving average of $20.79. The company has a market capitalization of $35.90 billion, a price-to-earnings ratio of 15.00 and a beta of 1.03.
BT Group PLC (NYSE:BT) last released its quarterly earnings data on Wednesday, May 10th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.88 billion. BT Group PLC had a return on equity of 36.64% and a net margin of 8.48%. On average, equities analysts forecast that BT Group PLC will post $3.83 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/06/22/bt-group-plc-bt-cut-to-neutral-at-bank-of-america-corporation.html.
The firm also recently declared a semiannual dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.6804 per share. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 6.86%. BT Group PLC’s payout ratio is 70.87%.
Several large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of BT Group PLC during the first quarter worth $12,554,000. Karp Capital Management Corp acquired a new stake in shares of BT Group PLC during the first quarter worth $6,762,000. Fiera Capital Corp acquired a new stake in shares of BT Group PLC during the fourth quarter worth $4,629,000. Federated Investors Inc. PA acquired a new stake in shares of BT Group PLC during the fourth quarter worth $2,259,000. Finally, BB&T Securities LLC acquired a new stake in shares of BT Group PLC during the first quarter worth $1,614,000. Institutional investors and hedge funds own 1.01% of the company’s stock.
About BT Group PLC
Receive News & Ratings for BT Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.