Deutsche Bank Reaffirms Hold Rating for BT Group – CLASS A (LON:BT.A)
Several other research analysts have also issued reports on BT.A. Numis Securities reaffirmed a buy rating on shares of BT Group – CLASS A in a research note on Wednesday, May 30th. Jefferies Financial Group raised shares of BT Group – CLASS A to a buy rating and raised their target price for the company from GBX 215 ($2.81) to GBX 245 ($3.20) in a research note on Wednesday, June 20th. Barclays reaffirmed an equal weight rating on shares of BT Group – CLASS A in a research note on Wednesday, July 11th. Credit Suisse Group reduced their target price on shares of BT Group – CLASS A from GBX 280 ($3.66) to GBX 235 ($3.07) and set a neutral rating on the stock in a research note on Thursday, July 12th. Finally, Berenberg Bank reaffirmed a buy rating on shares of BT Group – CLASS A in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. BT Group – CLASS A has an average rating of Hold and a consensus target price of GBX 273.13 ($3.57).
Shares of LON BT.A traded down GBX 1.10 ($0.01) during mid-day trading on Thursday, hitting GBX 235.90 ($3.08). The company’s stock had a trading volume of 33,170,663 shares, compared to its average volume of 26,890,000. BT Group – CLASS A has a one year low of GBX 224.20 ($2.93) and a one year high of GBX 337.05 ($4.40).
BT Group – CLASS A Company Profile
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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