BT Group plc (OTCMKTS:BTGOF) Receives Consensus Recommendation of “Hold” from Brokerages

BT Group plc (OTCMKTS:BTGOFGet Rating) has received an average rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $211.43.

BTGOF has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of BT Group from GBX 290 ($3.49) to GBX 285 ($3.43) in a report on Friday. HSBC raised shares of BT Group from a “reduce” rating to a “hold” rating and set a $185.00 price target for the company in a report on Wednesday, June 8th. Berenberg Bank decreased their price target on shares of BT Group from GBX 225 ($2.71) to GBX 220 ($2.65) in a report on Thursday, May 19th. Barclays reaffirmed a “buy” rating and issued a $240.00 price target on shares of BT Group in a report on Tuesday, May 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a $140.00 target price on shares of BT Group in a research note on Wednesday, June 1st.

BT Group Price Performance

BTGOF opened at $1.98 on Friday. BT Group has a 1-year low of $1.83 and a 1-year high of $2.71. The company has a 50-day moving average of $2.23 and a 200-day moving average of $2.35.

BT Group Company Profile

(Get Rating)

BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Consumer, Enterprise, Global, and Openreach segments. The Consumer segment offers landline, mobile, broadband, and TV services under the BT, EE, and Plusnet brands.

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Analyst Recommendations for BT Group (OTCMKTS:BTGOF)

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