BT Group plc (OTCMKTS:BTGOF) Receives Average Rating of “Reduce” from Brokerages

Shares of BT Group plc (OTCMKTS:BTGOF) have been given an average rating of “Reduce” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a buy recommendation to the company.

Several equities research analysts recently weighed in on the stock. New Street Research downgraded shares of BT Group to a “neutral” rating in a research report on Tuesday. BNP Paribas downgraded shares of BT Group to an “underperform” rating in a research report on Thursday. Morgan Stanley reissued an “overweight” rating on shares of BT Group in a research report on Monday, August 11th. Finally, Citigroup reissued a “sell” rating on shares of BT Group in a research report on Monday, September 1st.

BT Group Trading Up 0.3%

BTGOF stock opened at $2.44 on Thursday. The firm has a 50 day moving average price of $2.73 and a 200-day moving average price of $2.47. BT Group has a 52-week low of $1.60 and a 52-week high of $2.97.

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.