BT Group PLC (BT) Raised to Buy at ValuEngine

BT Group PLC (NYSE:BT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of BT Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.53) price objective on shares of BT Group in a report on Wednesday, August 9th. BidaskClub cut shares of BT Group from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Barclays PLC reissued an “overweight” rating and set a GBX 450 ($6.00) target price on shares of BT Group in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 290 ($3.87) target price on shares of BT Group in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $317.18.

BT Group (NYSE BT) traded up $0.01 during trading on Monday, hitting $16.64. 516,899 shares of the stock traded hands, compared to its average volume of 739,025. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 0.83. BT Group has a fifty-two week low of $16.15 and a fifty-two week high of $24.65. The stock has a market cap of $32,984.99, a PE ratio of 9.19, a P/E/G ratio of 4.64 and a beta of 0.98.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in BT Group 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 during the period. Arrowstreet Capital Limited Partnership grew its stake in BT Group by 1,839.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,048,354 shares of the utilities provider’s stock worth $20,349,000 after buying an additional 994,311 shares during the last quarter. Sit Investment Associates Inc. grew its stake in BT Group by 2.3% during the third quarter. Sit Investment Associates Inc. now owns 737,900 shares of the utilities provider’s stock worth $14,197,000 after buying an additional 16,820 shares during the last quarter. Aperio Group LLC grew its stake in BT Group by 40.8% during the third quarter. Aperio Group LLC now owns 497,907 shares of the utilities provider’s stock worth $9,580,000 after buying an additional 144,367 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in BT Group by 10.2% during the third quarter. Wells Fargo & Company MN now owns 431,485 shares of the utilities provider’s stock worth $8,302,000 after buying an additional 40,037 shares during the last quarter. 0.94% of the stock is currently owned by institutional investors and hedge funds.

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