BT Group plc (LON:BT.A)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Morgan Stanley in a report released on Friday, Marketbeat reports. They currently have a GBX 550 ($7.84) price objective on the communications services company’s stock.

In other BT Group plc news, insider Inglis,Mike purchased 1,200 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was acquired at an average price of GBX 464 ($6.61) per share, with a total value of £5,568 ($7,932.75).

A number of other analysts have also recently commented on the company. Jefferies Group reaffirmed a “buy” rating and issued a GBX 515 ($7.34) price target on shares of BT Group plc in a research note on Thursday, October 15th. Societe Generale reaffirmed a “buy” rating and issued a GBX 550 ($7.84) price target on shares of BT Group plc in a research note on Monday, October 19th. Grupo Santander reaffirmed a “buy” rating and issued a GBX 520 ($7.41) price target on shares of BT Group plc in a research note on Thursday, October 1st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 570 ($8.12) price target on shares of BT Group plc in a research note on Monday, October 12th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of BT Group plc in a research note on Thursday, October 29th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 515.68 ($7.35).

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 (LON:BT) 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 1,400 communications providers (CPs). Openreach provide services, such as copper and fiber connections between its exchanges and homes, and businesses.

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