JP Morgan Downgrades BT Group plc (ADR) to Neutral

Brokerage firm JP Morgan Downgrades its rating on BT Group plc (ADR)(NYSE:BT). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by JP Morgan was issued on Sep 2, 2016.

In a different note, On Jun 28, 2016, Macquarie said it Upgrades its rating on BT Group plc (ADR). The shares have been rated ‘Neutral’ by the firm. 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.

BT Group plc (ADR) (BT) made into the market gainers list on Thursdays trading session with the shares advancing 0.16% or 0.04 points. Due to strong positive momentum, the stock ended at $25.76, which is also near the day’s high of $26.09. The stock began the session at $26.01 and the volume stood at 8,87,155 shares. The 52-week high of the shares is $37.685 and the 52 week low is $24.36. The company has a current market capitalization of $51,320 M and it has 1,99,22,39,900 shares in outstanding.

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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