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Macquarie downgraded BT Group plc (ADR) (NYSE:BT) to Underperform in a report released today.

Macquarie has downgraded BT Group plc (ADR) (NYSE:BT) to Underperform in a report released on Friday October 07, 2016.

Just yesterday BT Group plc (ADR) (NYSE:BT) traded -2.91% lower at $23.10. BT Group plc (ADR)’s 50-day moving average is $25.69 and its 200-day moving average is $28.86. The last stock price is down -19.70% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 671,595 shares of BT traded hands, up from an average trading volume of 488,197

Recent Performance Chart

BT Group plc (ADR) (NYSE:BT)

BT Group plc (ADR) has 52 week low of $22.92 and a 52 week high of $37.69 with a PE ratio of 12.20 and has a market capitalization of $0.

In addition to Macquarie reporting its stock price target, a total of 2 brokerages have issued a ratings update on the company. The average stock price target is $36.83 with 1 brokerage rating the stock a strong buy, 1 brokerage rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On BT Group plc (ADR) (NYSE:BT)

BT Group plc is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well as managed networked information technology (IT) solutions and cyber security protection. Its segments include Consumer, which provides fixed-voice, broadband, TV and mobile services; EE, which is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers; Business and Public Sector, which provides communications and IT services to businesses and the public sector in the United Kingdom and the Republic of Ireland (RoI) ;Global Services, which provides managed networked IT services to corporate customers; Wholesale and Ventures, which provides fixed and mobile services to communications providers (CPs); and Openreach, which provides copper and fiber connections between its exchanges and homes and businesses.

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