BT Group (OTCMKTS:BTGOF) Trading Up 1.3% – What’s Next?

BT Group plc (OTCMKTS:BTGOF)’s stock price traded up 1.3% on Friday . The stock traded as high as $2.4070 and last traded at $2.4070. 9,635 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 23,292 shares. The stock had previously closed at $2.3750.

Wall Street Analyst Weigh In

Several research firms recently commented on BTGOF. New Street Research cut BT Group to a “neutral” rating in a report on Tuesday, September 30th. BNP Paribas cut BT Group to an “underperform” rating in a research note on Thursday, October 2nd. Finally, Citigroup restated a “sell” rating on shares of BT Group in a research report on Monday, September 1st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

BT Group Stock Up 1.3%

The stock has a 50 day moving average price of $2.39 and a two-hundred day moving average price of $2.56.

Institutional Trading of BT Group

An institutional investor recently bought a new position in BT Group stock. Boston Common Asset Management LLC bought a new position in shares of BT Group plc (OTCMKTS:BTGOF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 53,804 shares of the company’s stock, valued at approximately $138,000. Hedge funds and other institutional investors own 38.14% of the company’s stock.

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.