BT Group (OTCMKTS:BTGOF) Shares Down 5.2% – What’s Next?

Shares of BT Group plc (OTCMKTS:BTGOF) traded down 5.2% during mid-day trading on Monday . The company traded as low as $2.3750 and last traded at $2.39. 20,294 shares were traded during trading, an increase of 68% from the average session volume of 12,097 shares. The stock had previously closed at $2.52.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. New Street Research cut BT Group to a “neutral” rating in a research report on Tuesday, September 30th. BNP Paribas cut BT Group to an “underperform” rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

BT Group Stock Performance

The firm has a 50 day moving average price of $2.38 and a 200-day moving average price of $2.56.

Institutional Investors Weigh In On BT Group

An institutional investor recently bought a new position in BT Group stock. Boston Common Asset Management LLC purchased a new position in shares of BT Group plc (OTCMKTS:BTGOF) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 is a leading global telecommunications and networked IT services provider headquartered in London, United Kingdom. Through its principal operating company, British Telecommunications plc, the group offers a comprehensive range of communication solutions that span fixed-line telephony, broadband internet, mobile services, digital television and advanced network-based IT and cloud services. Its end-to-end portfolio is designed to meet the needs of consumer, business and public sector clients seeking high-speed connectivity, unified communications and managed security solutions.

The company’s product lineup includes consumer broadband packages under the Openreach and Plusnet brands, converged mobile and fixed voice bundles marketed through EE, and bespoke network infrastructure for enterprise customers.