BT Group (OTCMKTS:BTGOF) Trading 1.4% Higher – Here’s What Happened

BT Group plc (OTCMKTS:BTGOF) shot up 1.4% on Monday . The stock traded as high as $2.13 and last traded at $2.13. 18,829 shares changed hands during trading, a decline of 21% from the average session volume of 23,847 shares. The stock had previously closed at $2.10.

Analysts Set New Price Targets

Separately, Barclays downgraded BT Group to an “underweight” rating in a research report on Monday, March 10th.

BT Group Price Performance

The stock’s 50-day moving average is $1.92 and its two-hundred day moving average is $1.88.

Institutional Investors Weigh In On BT Group

An institutional investor recently bought a new position in BT Group stock. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in BT Group plc (OTCMKTS:BTGOF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $361,000. Institutional investors and hedge funds own 38.14% of the company’s stock.

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.