BT Group plc (NYSE:BT) Receives Average Rating of “Hold” from Brokerages

BT Group plc (NYSE:BT) has been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company.

A number of research firms have issued reports on BT. Deutsche Bank reduced their target price on shares of from GBX 217 ($2.84) to GBX 175 ($2.29) and set a “sell” rating on the stock in a report on Monday, June 24th. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Credit Suisse Group lowered their price objective on shares of FOX from $51.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Jefferies Financial Group set a $24.00 target price on shares of Guess? and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, Zacks Investment Research cut shares of Inflarx from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd.

A number of hedge funds have recently added to or reduced their stakes in BT. First Trust Advisors LP lifted its position in BT Group by 12.3% in the first quarter. First Trust Advisors LP now owns 38,506 shares of the utilities provider’s stock worth $570,000 after purchasing an additional 4,220 shares during the period. FMR LLC increased its position in BT Group by 0.9% in the first quarter. FMR LLC now owns 394,763 shares of the utilities provider’s stock worth $5,838,000 after purchasing an additional 3,581 shares during the period. EP Wealth Advisors LLC acquired a new stake in BT Group in the first quarter worth about $635,000. Marshall Wace North America L.P. bought a new position in BT Group during the first quarter worth about $57,000. Finally, Marshall Wace LLP bought a new position in BT Group during the first quarter worth about $133,000. Hedge funds and other institutional investors own 0.95% of the company’s stock.

NYSE BT traded down $0.10 during trading hours on Friday, hitting $12.28. 25,588 shares of the company’s stock traded hands, compared to its average volume of 1,122,138. BT Group has a 52-week low of $12.21 and a 52-week high of $17.33. The company has a market cap of $24.43 billion, a P/E ratio of 9.71, a PEG ratio of 3.10 and a beta of 0.71. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average is $12.88.

The business also recently declared a semiannual dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 9th will be issued a $0.6807 dividend. The ex-dividend date is Thursday, August 8th. This is a boost from BT Group’s previous semiannual dividend of $0.30. BT Group’s dividend payout ratio is currently 44.09%.

About BT Group

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.

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Analyst Recommendations for BT Group (NYSE:BT)

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