BT Group plc (BT)
BT Price and Sentiment
BT Latest news
BT Group PLC is facing increasing headwinds according to analysts at Deutsche Bank, which has reiterated its sell rating but cut its target price to 125p. Since news of Patrick Drahi acquiring a 12% voting stake, BT shares have since fallen from 200p to 140p, which the broker side was its previous target.
Some interesting analysis from our friends at Swiss bank UBS assessing the prospects for BT Group PLC. It is one of three sellers of the stock out of the 23 listed as covering the telco, which puts it in the minority – which in our view merits attention.
BT Group PLC (LSE:BT.A) is facing a full court trial that could lead to a £600mln compensation payout after the Competition Appeal Tribunal (CAT) backed a class action claim alleging that the company overcharged for landline contracts. The CAT unanimously decided that the claim should move to a full trial.
BT Group PLC is facing a full court trial that could lead to a £1.15bn compensation payout after the Competition Appeal Tribunal (CAT) backed a class action claim alleging that the company overcharged for landline contracts. The CAT unanimously decided that the claim should move to a full trial.
The sale of BT Sport promises upside for BT Group Plc shareholders as the market gives the telecoms only limited credit for the sports broadcasting business, according to UBS. A report in the Financial Times on Tuesday said BT was in advanced talks with DAZN, a streaming service sometimes referred to as ‘the Netflix of sport', which could acquire BT Sport in a deal pitched “in the region of hundreds of millions of pounds”.
BT Group Plc saw its shares rise in Tuesday's trade amidst fresh reports that the DAZN streaming platform is closing in on a deal to acquire BT Sports. In London, BT shares were up 2.19% changing hands at 158.7p.
BT Group stock has performed terribly recently, with an investment in the UK telecom giant producing a 50% total return loss over the past five years.
Is the market's love affair with BT Group (LON:BT.A) over? From the neutral observer's perspective, it very much seems to be.
Adam Crozier will become BT Chairman later this year, the telecoms group said Tuesday, tapping a seasoned executive known for leading turnarounds at a variety of public and private businesses.
BT Group PLC (LSE:BT.A) has appointed former Royal Mail PLC and ITV PLC boss and serial non-executive director Adam Crozier as its new chairman. Crozier, who currently chairs Whitbread PLC (LSE:WTB), ASOS PLC (AIM:ASC), Kantar Group and is a non-exec at Sony (NYSE:SNE), will take over from Jan du Plessis when he retires from BT on 1 December.