BT Group (OTCMKTS:BTGOF) Trading 1.4% Higher

BT Group plc (OTCMKTS:BTGOF) traded up 1.4% during trading on Wednesday . The stock traded as high as $1.50 and last traded at $1.47. 64,715 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 40,491 shares. The stock had previously closed at $1.45.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley reduced their price objective on BT Group from GBX 240 ($3.03) to GBX 220 ($2.77) in a report on Wednesday, August 9th. Barclays cut their price target on BT Group from GBX 240 ($3.03) to GBX 225 ($2.84) in a research note on Friday, May 19th. Berenberg Bank cut their price target on BT Group from GBX 160 ($2.02) to GBX 150 ($1.89) in a research note on Tuesday, May 23rd. UBS Group downgraded BT Group from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on BT Group from GBX 150 ($1.89) to GBX 145 ($1.83) in a research note on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $181.11.

BT Group Stock Performance

The stock has a 50 day moving average of $1.53 and a 200-day moving average of $1.70.

BT Group Company Profile

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 company builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related solutions.