BT Group (LON:BT.A) Sets New 1-Year High – Still a Buy?

BT Group plc (LON:BT.A)’s share price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 247.30 and last traded at GBX 243.94, with a volume of 51,144,109 shares changing hands. The stock had previously closed at GBX 231.60.

Analyst Ratings Changes

A number of brokerages have commented on BT.A. Berenberg Bank restated a “buy” rating and issued a GBX 300 target price on shares of BT Group in a research note on Thursday. Citigroup decreased their price target on shares of BT Group from GBX 175 to GBX 165 and set a “sell” rating for the company in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 231.25.

BT Group Stock Performance

The business’s 50-day moving average price is GBX 203.90 and its 200-day moving average price is GBX 205.40. 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 has a market cap of £23.34 billion, a PE ratio of 21.94, a P/E/G ratio of 0.38 and a beta of 0.69.

BT Group (LON:BT.A) last posted its quarterly earnings data on Thursday, November 5th. The communications services company reported GBX 9.70 EPS for the quarter. The firm had revenue of GBX 875.30 billion during the quarter. BT Group had a net margin of 4.11% and a return on equity of 6.33%. As a group, equities research analysts expect that BT Group plc will post 19.12 earnings per share for the current fiscal year.

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.