Macquarie Upgrades BT Group plc (ADR) to Neutral

Brokerage firm Macquarie Upgrades its rating on BT Group plc (ADR)(NYSE:BT). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by Macquarie was issued on Jun 28, 2016.

In a different note, On Jun 27, 2016, Citigroup said it Upgrades its rating on BT Group plc (ADR). The shares have been rated ‘Buy’ by the firm. On Jun 27, 2016, Credit Suisse said it Downgrades its rating on BT Group plc (ADR). The shares have been rated ‘Neutral’ by the firm. On Apr 28, 2016, UBS said it Upgrades its rating on BT Group plc (ADR). The shares have been rated ‘Neutral’ by the firm. On Apr 20, 2016, Jefferies said it Downgrades its rating on BT Group plc (ADR). The shares have been rated ‘Hold’ by the firm.

BT Group plc (ADR) (BT) shares turned negative on Fridays trading session with the shares closing down -0.27 points or -0.97% at a volume of 3,53,930. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.64. The peak price level was also seen at $27.64 while the days lowest was $27.48. Finally the shares closed at $27.58. The 52-week high of the shares is $37.685 while the 52-week low is $24.36. According to the latest information available, the market cap of the company is $54,946 M.

BT Group plc (ADR)(BT) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q4.Earnings per share were $0.15.

BT Group plc is a communications services company. The Company’s activities are the provision of fixed-line services broadband mobile and television products and services as well as managed networked information technology (IT) services in both the United Kingdom and across the globe. The Company operates in five segments: BT Global Services BT Business BT Consumer BT Wholesale and Openreach. BT Global Services is engaged in managed networked IT services. BT Business provides communications and IT services in the United Kingdom and the Republic of Ireland (RoI). BT Consumer segment is a provider of fixed-voice and broadband services in the United Kingdom. BT Wholesale provides services in Great Britain to more than 1400 communications providers (CPs). Openreach provide services such as copper and fiber connections between its exchanges and homes and businesses.

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