BT Group PLC (NYSE:BT) – Equities researchers at Jefferies Group dropped their FY2018 earnings per share estimates for shares of BT Group PLC in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Dellis now anticipates that the firm will post earnings of $2.10 per share for the year, down from their prior estimate of $2.22. Jefferies Group has a “Hold” rating and a $400.00 price objective on the stock.
A number of other analysts have also commented on the company. Goldman Sachs Group Inc. reissued a “buy” rating on shares of BT Group PLC in a report on Wednesday. HSBC reissued a “buy” rating and set a GBX 480 ($6.37) price objective on shares of BT Group PLC in a report on Wednesday. Deutsche Bank AG reissued a “sell” rating and set a GBX 410 ($5.44) price objective on shares of BT Group PLC in a report on Wednesday. Haitong Bank restated a “buy” rating and issued a GBX 600 ($7.96) target price on shares of BT Group PLC in a research note on Tuesday. Finally, Zacks Investment Research downgraded BT Group PLC from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $471.17.
BT Group PLC (NYSE:BT) traded up 2.80% during trading on Thursday, reaching $27.51. The company’s stock had a trading volume of 820,112 shares. The stock’s 50 day moving average is $27.85 and its 200 day moving average is $31.57. The company has a market cap of $54.41 billion and a price-to-earnings ratio of 14.04. BT Group PLC has a 12 month low of $24.36 and a 12 month high of $37.69.
A hedge fund recently raised its stake in BT Group PLC stock. First Trust Advisors LP boosted its position in shares of BT Group PLC (NYSE:BT) by 64.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 52,885 shares of the company’s stock after buying an additional 20,629 shares during the period. First Trust Advisors LP’s holdings in BT Group PLC were worth $1,830,000 at the end of the most recent reporting period.
BT Group plc is a communications services company. The Company’s activities are the provision of fixed-line services, broadband, mobile and television products and services, as well as managed networked information technology (IT) services in both the United Kingdom and across the globe. The Company operates in five segments: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach.
