Macquarie downgraded BT Group plc (ADR) (NYSE:BT) to Underperform in a report released today.
- Updated: October 7, 2016
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) 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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