BT Group plc American Depositary Shares (NYSE:BT) Share Price May Be About to Change Direction; Bernstein Downgrades Them

May 16, 2018 - By Ellis Scott

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BT Group plc American Depositary Shares (NYSE:BT) Receives a Downgrade

Equity analysts at Bernstein’s equities division lowered the rating for shares of BT Group plc American Depositary Shares (NYSE:BT) from a “Outperform” to a “Market Perform” on 16 May.

BT Group plc (NYSE:BT) Ratings Coverage

Among 3 analysts covering BT Group (NYSE:BT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. BT Group had 3 analyst reports since January 2, 2018 according to SRatingsIntel. Deutsche Bank upgraded the shares of BT in report on Wednesday, February 21 to “Hold” rating. The stock of BT Group plc (NYSE:BT) earned “Buy” rating by Berenberg on Friday, February 23. Bank of America upgraded the stock to “Buy” rating in Tuesday, January 2 report.

The stock decreased 1.75% or $0.2462 during the last trading session, reaching $13.7938. About 747,681 shares traded. BT Group plc (NYSE:BT) has declined 23.19% since May 16, 2017 and is downtrending. It has underperformed by 34.74% the S&P500.

BT Group plc provides communications services worldwide. The company has market cap of $27.06 billion. The Company’s Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers and the online BT Shop, as well as through Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. It has a 11.54 P/E ratio. The company's EE segment offers 2G, 3G, and 4G mobile network services; and broadband, fixed-voice, and TV services, as well as postpaid and prepaid plans, and emergency services network.

More notable recent BT Group plc (NYSE:BT) news were published by: Seekingalpha.com which released: “BT Group Plc: Stay The Course” on April 18, 2018, also Seekingalpha.com with their article: “BT -9.7% as costly job cuts, dividend freeze overshadow earnings” published on May 10, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018. More interesting news about BT Group plc (NYSE:BT) were released by: Streetinsider.com and their article: “Britain’s BT fights back with new consumer strategy” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “BT cuts 13K jobs, relocates HQ” with publication date: May 10, 2018.

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