BT Group (OTCMKTS:BTGOF) Shares Down 4.9% – Here’s Why

BT Group plc (OTCMKTS:BTGOF)’s stock price was down 4.9% during mid-day trading on Tuesday . The company traded as low as $2.32 and last traded at $2.32. Approximately 11,000 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 27,184 shares. The stock had previously closed at $2.44.

Analyst Ratings Changes

Several equities research analysts have commented on BTGOF shares. Barclays lowered BT Group to an “underweight” rating in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft lowered shares of BT Group to a “sell” rating in a report on Wednesday, May 7th.

BT Group Stock Down 4.9%

The stock’s 50 day simple moving average is $2.18 and its two-hundred day simple moving average is $1.98.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BT Group stock. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in BT Group plc (OTCMKTS:BTGOF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 200,000 shares of the company’s stock, valued at approximately $361,000. 38.14% of the stock is owned by hedge funds and other institutional investors.

About BT Group

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.