Originally one half of the Post Office, BT is still the UK's leading fixed line telecoms group. Rapid expansion in the late nineties, however, forced BT to sell off assets such as mobile arm O2 and yellow pages group Yell to slash its debt pile. Its three major divisions are Retail, Global Services and Wholesale.
Bt Group Plc Ord 5P is listed on the London Stock Exchange trading with ticker code BT.A.L, and is part of the Telecommunications sector. It has a market capitalisation of £2,288,983m, with approximately 9,922m shares in issue.
Bt Group Plc, officially known as Bt Group Plc Ord 5P was formed in March of 2001, making the company eighteen years old. The company filed its latest accounts on 31st March 2015, showing a turnover of approximately 17.98 billion GBX, and a pre-tax profit margin of 14.71%. Bt Group Plc currently has 11 directors, and has had 29 previous directors over the last 18 years. In the last set of accounts produced by Pricewaterhousecoopers Llp, the company showed 4.55 billion paid in salaries to the 88,700 staff (average wage of 51 thousand), with the directors receiving an average 835 thousand each. In the accounts filed in 2015, the company paid 924000000 in dividends, or 0.0931 per share.
Bt Group Plc is in the Telecommunications sector.
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|Shares in Issue||9,922m|
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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. (Read more)
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. (Read more)
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. (Read more)