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Posted by ShrutiAggarwal on 11 December 2017, 10:48 AM

BT Group plc, a hold at the current price

BT Group Plc. is a Hold at the current price. The stock finished trading on the London Stock exchange at 268.45 pence per share on 8th December, up by 0.09% compared to the previous close. The stock has been nonstop correcting since last 3 months and had tested the lows of 244p as well. However, it seems that the stock has bottomed out and is ready for short covering and a pullback rally. The stock has been trading above its 20 day moving average (DMA), 50 DMA and below100 DMA of 252p, 260p and 277p respectively. The immediate support and resistance for the stock would be at 252p and 277p respectively. In terms of charting or technical analysis, the stock is making rounding bottom pattern which indicates the up movement in the stock. In case of breakout above 277p, we may see stock heading towards 290-300p as well. Therefore, we would advise traders or investors to keep an eye at the respective levels and accordingly hedge their positions.

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Topics: Analysis
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BT group plc is a ‘Buy’ at the current levels as the stock clearly looks undervalued at the current levels. In our last article on BT Group plc, we recommended investors to stay away from the stock on account of improper accounting practices in its Italy business and the stock has had a nonstop fall since then and has tested the lows of 280p. It started correcting from 350p and has come down up to 280p lately. However, it seems that the stock might start consolidating at the current levels and the investors/traders can initiate fresh buying positions in the stock. The stock finished trading on the London stock exchange on 18th September at 288.0p a share, up by 1.88% compared to the previous close. Currently the stock has been trading below its 50 DMA (Day moving average), 100 DMA and just a tad above 20 DMA of 297p, 299p and 288p respectively. In terms of charting or technical analysis also, the stock has completed double bottom pattern on the daily charts and is ready to bounce back. Therefore, we advise traders or investors to buy BT group plc at the current price with a target of 330p. The time frame to achieve this target would be 0 to 3 months.

Let’s throw some light on the financial year 2017 results of the company. As per the FY’17 results, the company reported the FY’17 revenue up by 27% year on year.  The reported and adjusted EPS was down by 33% and 9% respectively. The reported profit before tax was down by 19% and adjusted PBT was up by 5% respectively. However, the adjusted EBITDA was up by 18% year on year. (Read more)

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BT group PLC should be strictly avoided for the time being as the stock nearly crashed by 20% on 24th January 2017, post the company announced that investigations of accounting practices have revealed that the extent and complexity of inappropriate behavior in the Italian business were far greater than previously identified and have revealed improper accounting practices and a complex set of improper sales, purchase, factoring and leasing transactions. These activities have resulted in the overstatement of earnings in the company’s Italian business over a number of years.

The adjustments identified have increased from the £145m announced in its  half-year update to a total of around £530m.However, the company is still evaluating what proportion of the total adjustments should be treated as prior year errors, and what proportion should be treated as the reassessment in the current year of management estimates. For the financial year 2016-17, the management now expects a decrease in adjusted revenue of around £200m, in adjusted EBITDA of around £175m, and of up to £500m of normalized free cash flow due to the EBITDA impact and the one-off unwind of the effects of inappropriate working capital transactions. For 2017/18, the management expects a similar annual impact to adjusted revenue and adjusted EBITDA as in 2016/17, with the EBITDA impact flowing through to normalized free cash flow. (Read more)

Topics: Analysis
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BT group Plc is a ‘Hold’ at the current price levels The Company announced its half yearly results last week, on 27th October 2016.

The CEO of the company, Mr. Gavin Patterson commented on the half yearly results,” “This is a positive set of results, both operationally and financially, and we remain on track to achieve our full year outlook. We’ve made good progress on the integration of EE and the delivery of our synergy targets. Our consumer facing lines of business have performed well, but in the enterprise space, UK public sector continues to be a challenging market. Across the group, we continue to drive cost reduction and productivity improvements. Customer experience remains a key priority, and we’re stepping up our investments in the second half of the year. And we’ll continue to invest in our ultrafast and 4G plans in 2017 and beyond. Ofcom’s consultation on the Digital Communications Review closed earlier this month; we’ve submitted our response and will continue to engage with Ofcom to reach the best outcome for the UK.” (Read more)

Topics: Analysis
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BT group Plc is a compelling ‘Buy’ at the current levels and we see an upside of up to 10% from the current price level.  Lately, the stock went through a deep correction of upto 16% and has come down from 450p to 396p. However, it seems that the stock has started consolidating now and has also bounced back from 396p to 422p in the latest trading sessions. The stock finished trading on London Stock exchange at 422 p a share on 21st June.

BT Group plc is a communications services company and has a market cap of £39.42B. The Company's activities are the provision of fixed-line services, broadband, mobile and television products and services, as well as managed networked information technology services in both the United Kingdom and across the globe. The Company operates in five segments: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach. BT Global Services is engaged in managed networked IT services. BT Business provides communications and IT services in the United Kingdom and the Republic of Ireland. BT Consumer segment is a provider of fixed-voice and broadband services in the United Kingdom. BT Wholesale provides services in Great Britain to more than 1,400 communications providers (CPs). Openreach provide services, such as copper and fiber connections between its exchanges and homes, and businesses. Out of all the business segments, the company generates 30% of its revenue from BT Global services, 14% from BT business, 20% from BT consumer and the remaining revenue comes from the other two segments. The good thing to note here is that the company business segments are diversified and is not dependent on any one segment. (Read more)

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