BT Group’s (LON:BT.A) “Sell” Rating Reaffirmed at Deutsche Bank
Deutsche Bank reissued their sell rating on shares of BT Group (LON:BT.A) in a report issued on Friday, February 16th. Deutsche Bank currently has a GBX 248 ($3.43) price objective on the communications services company’s stock.
Several other brokerages have also issued reports on BT.A. Royal Bank of Canada restated an outperform rating and set a GBX 410 ($5.66) target price on shares of BT Group in a research report on Monday, October 23rd. Numis Securities restated a buy rating and set a GBX 390 ($5.39) target price on shares of BT Group in a research report on Tuesday, October 24th. Jefferies Group dropped their target price on BT Group from GBX 280 ($3.87) to GBX 265 ($3.66) and set a hold rating for the company in a research report on Wednesday, October 25th. Beaufort Securities lowered BT Group to a hold rating and lowered their price target for the company from GBX 340 ($4.70) to GBX 265 ($3.66) in a report on Friday, November 3rd. Finally, Credit Suisse Group lowered their price target on BT Group from GBX 320 ($4.42) to GBX 280 ($3.87) and set a neutral rating for the company in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 318.78 ($4.40).
Shares of BT Group (LON BT.A) traded down GBX 1.65 ($0.02) during mid-day trading on Friday, hitting GBX 225.50 ($3.12). The stock had a trading volume of 30,870,000 shares, compared to its average volume of 26,150,000. BT Group has a 1 year low of GBX 224.30 ($3.10) and a 1 year high of GBX 337.05 ($4.66). The company has a market capitalization of $22,370.00 and a PE ratio of 1,326.47.
BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.
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