BT Group (LON:BT.A) Stock Price Up 6.8% – What’s Next?

BT Group plc (LON:BT.A) shares traded up 6.8% during mid-day trading on Friday. The company traded as high as GBX 229 and last traded at GBX 227.40. Approximately 227,553,172 shares changed hands during mid-day trading, an increase of 464% from the average daily volume of 40,340,570 shares. The stock had previously closed at GBX 213.

Analyst Ratings Changes

Separately, Citigroup decreased their target price on shares of BT Group from GBX 175 to GBX 165 and set a “sell” rating for the company in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 157.

BT Group Trading Up 6.8%

The company has a debt-to-equity ratio of 187.58, a quick ratio of 0.83 and a current ratio of 0.89. The stock has a market capitalization of £22.41 billion, a PE ratio of 21.06, a P/E/G ratio of 0.38 and a beta of 0.69. The company has a 50 day moving average of GBX 202.06 and a two-hundred day moving average of GBX 204.48.

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.