BT Group (OTCMKTS:BTGOF) Stock Price Up 3.8% – Here’s Why

BT Group plc (OTCMKTS:BTGOF)’s share price rose 3.8% during mid-day trading on Monday . The stock traded as high as $1.92 and last traded at $1.92. Approximately 29,750 shares changed hands during trading, an increase of 12% from the average daily volume of 26,564 shares. The stock had previously closed at $1.85.

Analysts Set New Price Targets

Separately, Barclays downgraded BT Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 10th.

BT Group Stock Up 3.8 %

The company has a fifty day simple moving average of $1.79 and a two-hundred day simple moving average of $1.84.

Institutional Trading of BT Group

An institutional investor recently bought a new position in BT Group stock. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of BT Group plc (OTCMKTS:BTGOF) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $361,000. 38.14% of the stock is currently owned by institutional investors and hedge funds.

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 company builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related solutions.