BT Group plc (OTCMKTS:BTGOF – Get Rating) shares fell 4.3% on Tuesday . The stock traded as low as $1.75 and last traded at $1.75. 117,856 shares were traded during mid-day trading, an increase of 194% from the average session volume of 40,079 shares. The stock had previously closed at $1.83.
Wall Street Analyst Weigh In
Several equities analysts have commented on BTGOF shares. JPMorgan Chase & Co. upped their price target on BT Group from GBX 275 ($3.44) to GBX 280 ($3.50) in a report on Friday, April 14th. Berenberg Bank lowered their target price on BT Group from GBX 160 ($2.00) to GBX 150 ($1.88) in a research note on Tuesday, May 23rd. Finally, Barclays reduced their target price on shares of BT Group from GBX 240 ($3.00) to GBX 225 ($2.82) in a research report on Friday, May 19th.
BT Group Price Performance
The firm’s 50 day simple moving average is $1.87 and its 200-day simple moving average is $1.68.
BT Group Company Profile
BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Consumer, Enterprise, Global, and Openreach segments. The Consumer segment offers landline, mobile, broadband, and TV services under the BT, EE, and Plusnet brands.
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