Deutsche Bank downgraded shares of BT Group – CLASS A (LON:BT.A) to a sell rating in a research report released on Monday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 175 ($2.29) target price on the communications services company’s stock, down from their previous target price of GBX 217 ($2.84).
Other analysts also recently issued research reports about the company. Numis Securities reiterated a buy rating on shares of BT Group – CLASS A in a research report on Monday, May 20th. Goldman Sachs Group lowered their price objective on BT Group – CLASS A from GBX 320 ($4.18) to GBX 300 ($3.92) and set a buy rating for the company in a research report on Thursday, April 11th. Jefferies Financial Group lowered their price objective on BT Group – CLASS A from GBX 340 ($4.44) to GBX 325 ($4.25) and set a buy rating for the company in a research report on Tuesday, May 21st. Societe Generale lowered their price objective on BT Group – CLASS A from GBX 360 ($4.70) to GBX 320 ($4.18) and set a buy rating for the company in a research report on Tuesday, May 28th. Finally, Barclays lowered their price objective on BT Group – CLASS A from GBX 250 ($3.27) to GBX 240 ($3.14) and set an equal weight rating for the company in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 268.33 ($3.51).
Shares of BT.A stock opened at GBX 197.22 ($2.58) on Monday. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 165.99. BT Group – CLASS A has a fifty-two week low of GBX 190.68 ($2.49) and a fifty-two week high of GBX 268.60 ($3.51). The company has a 50 day moving average of GBX 202.84. The company has a market capitalization of $19.43 billion and a P/E ratio of 9.13.
In other BT Group – CLASS A news, insider Allison Kirkby bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was bought at an average price of GBX 203 ($2.65) per share, for a total transaction of £50,750 ($66,313.86). Also, insider Philip Jansen bought 1,484,413 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of GBX 202 ($2.64) per share, with a total value of £2,998,514.26 ($3,918,089.98). In the last 90 days, insiders have purchased 1,528,789 shares of company stock valued at $308,898,506.
BT Group – CLASS A 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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