BT Group (OTCMKTS:BTGOF) Trading Down 0% – Here’s Why

Shares of BT Group plc (OTCMKTS:BTGOF) dropped 0% on Tuesday . The stock traded as low as $2.35 and last traded at $2.35. Approximately 7,297 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 7,963 shares. The stock had previously closed at $2.3501.

Analyst Ratings Changes

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

BT Group Stock Down 0.0%

The stock has a fifty day moving average of $2.39 and a 200 day moving average of $2.54.

Institutional Inflows and Outflows

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 the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 53,804 shares of the company’s stock, valued at approximately $138,000. 38.14% of the stock is currently owned by institutional investors.

About BT Group

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.