Deutsche Bank Reiterates Sell Rating for BT Group – CLASS A (LON:BT.A)

BT Group – CLASS A (LON:BT.A)‘s stock had its “sell” rating restated by stock analysts at Deutsche Bank in a research report issued on Wednesday, Borsen Zeitung reports. They presently have a GBX 165 ($2.16) price target on the communications services company’s stock. Deutsche Bank’s price target would indicate a potential downside of 13.49% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Credit Suisse Group reiterated an “outperform” rating on shares of BT Group – CLASS A in a research report on Friday, September 6th. HSBC decreased their price target on shares of BT Group – CLASS A from GBX 240 ($3.14) to GBX 225 ($2.94) and set a “buy” rating on the stock in a report on Friday, November 22nd. Goldman Sachs Group lowered their price objective on shares of BT Group – CLASS A from GBX 265 ($3.46) to GBX 255 ($3.33) and set a “buy” rating on the stock in a research report on Friday, November 29th. JPMorgan Chase & Co. dropped their price objective on shares of BT Group – CLASS A from GBX 290 ($3.79) to GBX 260 ($3.40) and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Berenberg Bank cut their target price on shares of BT Group – CLASS A from GBX 240 ($3.14) to GBX 220 ($2.87) and set a “hold” rating for the company in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. BT Group – CLASS A currently has an average rating of “Buy” and an average target price of GBX 233.33 ($3.05).

BT.A stock opened at GBX 190.74 ($2.49) on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 231.66. The company’s 50 day moving average is GBX 196.44 and its 200 day moving average is GBX 189.43. The stock has a market cap of $18.85 billion and a price-to-earnings ratio of 7.91. BT Group – CLASS A has a 1-year low of GBX 157.67 ($2.06) and a 1-year high of GBX 264.75 ($3.46).

In related news, insider Philip Jansen bought 584,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average cost of GBX 171 ($2.23) per share, for a total transaction of £998,640 ($1,304,900.04).

About BT Group – CLASS A

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.

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Analyst Recommendations for BT Group - CLASS A (LON:BT.A)

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