BT Group plc (NYSE:BT) reached a new 52-week low on Tuesday . The stock traded as low as $15.78 and last traded at $15.76, with a volume of 647833 shares trading hands. The stock had previously closed at $16.00.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised BT Group from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. UBS upgraded BT Group from a “neutral” rating to a “buy” rating in a report on Wednesday, December 13th. Berenberg Bank upgraded BT Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Citigroup restated a “neutral” rating on shares of BT Group in a report on Friday, November 24th. Finally, Deutsche Bank upgraded BT Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $309.13.
The company has a market capitalization of $31,889.00, a PE ratio of 14.32 and a beta of 1.02. The company has a quick ratio of 0.75, a current ratio of 0.77 and a debt-to-equity ratio of 1.46.
BT Group (NYSE:BT) last announced its quarterly earnings results on Friday, February 2nd. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The firm had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $8.60 billion. BT Group had a return on equity of 33.47% and a net margin of 7.11%. equities research analysts forecast that BT Group plc will post 1.95 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in BT. Berkeley Capital Partners LLC grew its holdings in shares of BT Group by 10.5% in the third quarter. Berkeley Capital Partners LLC now owns 36,086 shares of the utilities provider’s stock worth $694,000 after purchasing an additional 3,434 shares during the last quarter. SG Americas Securities LLC grew its position in shares of BT Group by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 32,999 shares of the utilities provider’s stock worth $601,000 after acquiring an additional 4,441 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of BT Group by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 88,586 shares of the utilities provider’s stock worth $1,704,000 after acquiring an additional 5,319 shares in the last quarter. Advisor Group Inc. grew its position in shares of BT Group by 87.3% in the 4th quarter. Advisor Group Inc. now owns 12,207 shares of the utilities provider’s stock worth $222,000 after acquiring an additional 5,689 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of BT Group by 47.0% in the 3rd quarter. Sei Investments Co. now owns 23,616 shares of the utilities provider’s stock worth $454,000 after acquiring an additional 7,549 shares in the last quarter. 0.90% of the stock is currently owned by institutional investors and hedge funds.
BT Group Company Profile
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.
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