BT Group plc (LON:BT.A – Get Free Report)’s share price reached a new 52-week high during trading on Thursday. The company traded as high as GBX 247.30 and last traded at GBX 243.94, with a volume of 51,144,109 shares trading hands. The stock had previously closed at GBX 231.60.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Berenberg Bank restated a “buy” rating and set a GBX 300 price target on shares of BT Group in a research note on Thursday. Citigroup cut their price objective on shares of BT Group from GBX 175 to GBX 165 and set a “sell” rating on the stock in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 231.25.
View Our Latest Analysis on BT Group
BT Group Trading Up 2.3%
The stock has a 50-day moving average of GBX 203.90 and a 200 day moving average of GBX 205.40. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 187.58. The stock has a market cap of £23.34 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 0.38 and a beta of 0.69.
BT Group (LON:BT.A – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The communications services company reported GBX 9.70 earnings per share (EPS) for the quarter. BT Group had a net margin of 4.11% and a return on equity of 6.33%. The company had revenue of GBX 875.30 billion during the quarter. As a group, sell-side analysts anticipate that BT Group plc will post 19.12 earnings per share for the current year.
About BT Group
BT Group is the UK’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services.
BT Group consists of four customer-facing units: Consumer serves individuals and families in the UK; Business covers companies and public services in the UK; International serves multinational organisations headquartered outside the UK and overseas public sector customers; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers – over 700 communications providers across the UK.
British Telecommunications Limited is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group.
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