According to Zacks, “BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. “
Zacks Investment Research lowered shares of BT Group PLC (NYSE:BT) from a hold rating to a sell rating in a report issued on Tuesday morning.
A number of other research analysts also recently commented on the stock. Beaufort Securities dropped their target price on shares of BT Group PLC from GBX 390 ($5.14) to GBX 340 ($4.48) and set a buy rating on the stock in a research report on Friday, May 12th. Deutsche Bank AG reaffirmed a sell rating on shares of BT Group PLC in a research report on Friday, April 28th. Exane BNP Paribas downgraded shares of BT Group PLC from a neutral rating to an underperform rating in a research report on Thursday, May 25th. Bank of America Corporation downgraded shares of BT Group PLC from a buy rating to a neutral rating in a research report on Monday, June 19th. Finally, Macquarie raised shares of BT Group PLC from a neutral rating to an outperform rating and increased their target price for the company from $270.00 to $330.00 in a research report on Tuesday, June 27th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $339.33.
BT Group PLC (NYSE:BT) traded down 0.85% during trading on Tuesday, reaching $20.89. 301,283 shares of the company’s stock traded hands. The company has a 50 day moving average price of $19.44 and a 200-day moving average price of $20.01. BT Group PLC has a 12-month low of $18.06 and a 12-month high of $27.55. The company has a market cap of $41.52 billion, a PE ratio of 20.09 and a beta of 1.04.
BT Group PLC (NYSE:BT) last announced its quarterly earnings data on Wednesday, May 10th. The utilities provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. BT Group PLC had a net margin of 7.14% and a return on equity of 40.09%. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.88 billion. On average, equities research analysts forecast that BT Group PLC will post $3.83 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 11th will be paid a $0.6804 dividend. This represents a dividend yield of 6.86%. The ex-dividend date of this dividend is Wednesday, August 9th. BT Group PLC’s dividend payout ratio (DPR) is presently 86.54%.
Hedge funds have recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new stake in BT Group PLC during the second quarter valued at approximately $581,000. WealthTrust Axiom LLC purchased a new stake in BT Group PLC during the second quarter valued at approximately $227,000. Sei Investments Co. boosted its stake in BT Group PLC by 125.9% in the second quarter. Sei Investments Co. now owns 16,067 shares of the utilities provider’s stock valued at $312,000 after buying an additional 8,954 shares during the period. Russell Investments Group Ltd. purchased a new stake in BT Group PLC during the second quarter valued at approximately $129,000. Finally, Whittier Trust Co. boosted its stake in BT Group PLC by 2.2% in the second quarter. Whittier Trust Co. now owns 81,809 shares of the utilities provider’s stock valued at $1,588,000 after buying an additional 1,748 shares during the period. Institutional investors own 1.04% of the company’s stock.
BT Group PLC Company Profile