Deutsche Bank Aktiengesellschaft reaffirmed their sell rating on shares of BT Group (LON:BT.A – Free Report) in a report issued on Friday morning,London Stock Exchange reports. Deutsche Bank Aktiengesellschaft currently has a GBX 150 target price on the communications services company’s stock.
BT.A has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 target price on shares of BT Group in a report on Thursday. Citigroup lowered their price target 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 analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 231.25.
Get Our Latest Analysis on BT Group
BT Group Stock Performance
Shares of LON BT.A traded down GBX 14.80 during mid-day trading on Friday, hitting GBX 217. The company had a trading volume of 791,745,063 shares, compared to its average volume of 42,472,332. The company has a market capitalization of £21.38 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 0.38 and a beta of 0.69. BT Group has a 1 year low of GBX 173 and a 1 year high of GBX 247.30. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 187.58. The stock’s 50-day moving average price is GBX 204.65 and its 200-day moving average price is GBX 205.83.
BT Group (LON:BT.A – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The communications services company reported GBX 9.70 earnings per share (EPS) for the quarter. The business had revenue of GBX 875.30 billion for the quarter. BT Group had a return on equity of 6.33% and a net margin of 4.11%. On average, sell-side analysts forecast that BT Group will post 19.12 earnings per share for the current year.
Key Stories Impacting BT Group
Here are the key news stories impacting BT Group this week:
- Positive Sentiment: BT reported a 12% increase in first-half pretax profit to £1.07 billion, raised its interim dividend and maintained its outlook. The company also benefited from record fibre take-up and a narrowing pension deficit. These results helped lift the shares after the announcement. Article: BT Group Reports 12% Rise in Half-Year Pretax Profit
- Positive Sentiment: Berenberg reaffirmed its buy rating and set a GBX 300 price target, indicating a more optimistic view of BT’s prospects. Berenberg recommendations
- Neutral Sentiment: BT plans to cut nearly 8,000 jobs as part of a broad cost-saving programme. Lower costs could benefit profitability, but the scale of reductions may bring execution and workforce risks. Article: BT cuts almost 8,000 jobs
- Negative Sentiment: Deutsche Bank reaffirmed its sell rating and assigned a GBX 150 target, well below the recent trading level, potentially weighing on sentiment. Deutsche Bank recommendations
- Negative Sentiment: Openreach is expected to miss its 25 million fibre-broadband rollout target by year-end, though BT expects to reach the milestone in March. The delay could raise questions about rollout pace. Article: BT to miss Openreach fibre rollout target
BT Group Company Profile
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.
Further Reading
- Five stocks we like better than BT Group
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for BT Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BT Group and related companies with MarketBeat.com's FREE daily email newsletter.
