Shares of BT Group plc (NYSE:BT) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company.
BT has been the topic of a number of recent research reports. UBS Group lowered shares of BT Group from a “neutral” rating to a “sell” rating in a research note on Friday, December 6th. Barclays lowered shares of BT Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 18th.
The company has a debt-to-equity ratio of 1.45, a current ratio of 1.09 and a quick ratio of 1.05. The firm has a market capitalization of $15.12 billion, a PE ratio of 8.32, a P/E/G ratio of 1.73 and a beta of 0.74. The firm has a 50 day moving average of $9.68 and a 200-day moving average of $11.32. BT Group has a 1 year low of $9.53 and a 1 year high of $17.33.
Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in BT Group by 90.0% in the second quarter. Renaissance Technologies LLC now owns 2,196,400 shares of the utilities provider’s stock valued at $28,048,000 after purchasing an additional 1,040,200 shares in the last quarter. Morgan Stanley boosted its holdings in BT Group by 154.9% in the second quarter. Morgan Stanley now owns 1,220,833 shares of the utilities provider’s stock valued at $15,591,000 after purchasing an additional 741,951 shares in the last quarter. Jefferies Group LLC acquired a new position in BT Group in the second quarter valued at approximately $1,787,000. Morningstar Investment Services LLC boosted its holdings in BT Group by 6.9% in the second quarter. Morningstar Investment Services LLC now owns 2,050,849 shares of the utilities provider’s stock valued at $26,190,000 after purchasing an additional 131,756 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in BT Group by 388.4% in the second quarter. LPL Financial LLC now owns 91,196 shares of the utilities provider’s stock valued at $1,165,000 after purchasing an additional 72,522 shares in the last quarter. Hedge funds and other institutional investors own 1.11% of the company’s stock.
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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