BT Group (NYSE:BT) Sets New 1-Year Low at $11.45

Shares of BT Group plc (NYSE:BT) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.45 and last traded at $11.49, with a volume of 23999 shares. The stock had previously closed at $11.82.

BT has been the subject of a number of research reports. ValuEngine raised BT Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Credit Suisse Group raised shares of BT Group from a “neutral” rating to an “outperform” rating in a report on Monday, June 3rd. Zacks Investment Research downgraded shares of BT Group from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Finally, Deutsche Bank downgraded shares of BT Group from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $17.00.

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 50-day simple moving average of $12.54. The stock has a market cap of $23.69 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71.

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

Large investors have recently bought and sold shares of the business. Eagle Global Advisors LLC lifted its stake in shares of BT Group by 11.5% in the first 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 in the last quarter. CIBC World Markets Inc. bought a new position in shares of BT Group in the first quarter valued at $450,000. Baldwin Brothers Inc. MA lifted its stake in shares of BT Group by 37.1% in the first quarter. Baldwin Brothers Inc. MA now owns 41,656 shares of the utilities provider’s stock valued at $616,000 after buying an additional 11,270 shares in the last quarter. Millennium Management LLC bought a new position in shares of BT Group in the fourth quarter valued at $1,341,000. Finally, Lindbrook Capital LLC lifted its stake in shares of BT Group by 28.6% in the first quarter. Lindbrook Capital LLC now owns 3,860 shares of the utilities provider’s stock valued at $57,000 after buying an additional 859 shares in the last quarter. Institutional investors and hedge funds own 0.95% of the company’s stock.

About BT Group (NYSE:BT)

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.

Featured Story: What is Call Option Volume?

Receive News & Ratings for BT Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group and related companies with MarketBeat.com's FREE daily email newsletter.