Shares of BT Group plc (NYSE:BT) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company.
A number of brokerages have recently issued reports on BT. Bank of America cut shares of BT Group from a “buy” rating to a “neutral” rating in a research note on Thursday, January 31st. Zacks Investment Research raised shares of BT Group from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine raised shares of BT Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. Jefferies Financial Group began coverage on shares of BT Group in a research note on Thursday, March 21st. They issued a “buy” rating for the company. Finally, Berenberg Bank cut shares of BT Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th.
Several institutional investors have recently made changes to their positions in BT. Northern Trust Corp raised its holdings in BT Group by 3.3% during the 4th quarter. Northern Trust Corp now owns 1,746,659 shares of the utilities provider’s stock valued at $26,549,000 after buying an additional 56,506 shares during the last quarter. Eagle Global Advisors LLC raised its holdings in BT Group by 11.5% during the 1st quarter. Eagle Global Advisors LLC now owns 203,229 shares of the utilities provider’s stock valued at $3,006,000 after buying an additional 20,969 shares during the last quarter. Checchi Capital Advisers LLC bought a new stake in BT Group during the 4th quarter valued at $164,000. LPL Financial LLC bought a new stake in BT Group during the 3rd quarter valued at $151,000. Finally, Lindbrook Capital LLC bought a new stake in BT Group during the 4th quarter valued at $45,000. 1.05% of the stock is owned by institutional investors.
BT Group Company Profile
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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