BT Group (BT) Stock Rating Lowered by Goldman Sachs Group

BT Group (NYSE:BT) was downgraded by equities researchers at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday.

Other analysts also recently issued research reports about the stock. ValuEngine raised shares of BT Group from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research raised shares of BT Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, November 12th. Finally, JPMorgan Chase & Co. raised shares of BT Group from a “neutral” rating to a “buy” rating in a research note on Thursday, November 1st. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. BT Group currently has a consensus rating of “Hold” and an average target price of $19.00.

Shares of BT Group stock traded down $0.25 on Tuesday, reaching $16.18. 792,458 shares of the stock were exchanged, compared to its average volume of 685,957. BT Group has a one year low of $13.53 and a one year high of $18.97. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 1.16. The company has a market cap of $32.11 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 9.72 and a beta of 0.68.

Large investors have recently modified their holdings of the stock. Tuttle Tactical Management bought a new position in BT Group in the 2nd quarter valued at approximately $115,000. Glenmede Trust Co. NA acquired a new position in BT Group in the 3rd quarter valued at approximately $148,000. LPL Financial LLC acquired a new position in BT Group in the 3rd quarter valued at approximately $151,000. Ausdal Financial Partners Inc. acquired a new position in BT Group in the 2nd quarter valued at approximately $153,000. Finally, Fox Run Management L.L.C. acquired a new position in BT Group in the 3rd quarter valued at approximately $165,000. 0.83% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for BT Group (NYSE:BT)

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