The stock of BT Group plc (ADR) (NYSE:BT) hit a new 52-week low and has $22.23 target or 7.00% below today’s $23.90 share price. The 8 months bearish chart indicates high risk for the $46.46B company. The 1-year low was reported on Oct, 6 by Barchart.com. If the $22.23 price target is reached, the company will be worth $3.25 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 164,539 shares traded hands. BT Group plc (ADR) (NYSE:BT) has declined 27.96% since March 3, 2016 and is downtrending. It has underperformed by 36.30% the S&P500.
Analysts await BT Group plc (ADR) (NYSE:BT) to report earnings on November, 3. They expect $0.46 EPS, down 11.54% or $0.06 from last year’s $0.52 per share. BT’s profit will be $894.21 million for 12.99 P/E if the $0.46 EPS becomes a reality. After $0.47 actual EPS reported by BT Group plc (ADR) for the previous quarter, Wall Street now forecasts -2.13% negative EPS growth.
BT Group plc (ADR) (NYSE:BT) Ratings Coverage
Out of 7 analysts covering BT Group plc (NYSE:BT), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. BT Group plc has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, September 1 by JP Morgan. Jefferies downgraded the shares of BT in a report on Wednesday, April 20 to “Hold” rating. Citigroup upgraded BT Group plc (ADR) (NYSE:BT) on Monday, June 27 to “Buy” rating. The rating was upgraded by Macquarie Research to “Neutral” on Tuesday, June 28. The rating was downgraded by Macquarie Research to “Underperform” on Wednesday, July 22. On Tuesday, January 12 the stock rating was reinitiated by JP Morgan with “Overweight”. The stock of BT Group plc (ADR) (NYSE:BT) has “Neutral” rating given on Monday, June 27 by Credit Suisse. The stock of BT Group plc (ADR) (NYSE:BT) earned “Neutral” rating by UBS on Thursday, April 28. The stock has “Neutral” rating given by Nomura on Monday, September 21.
According to Zacks Investment Research, “BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.”
Another recent and important BT Group plc (ADR) (NYSE:BT) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 01, 2002.
BT Company Profile
BT Group plc, incorporated on March 30, 2001, is a communications services company. The Firm is engaged in selling fixed-voice services, broadband, mobile and television services and products, as well as various communications services ranging from phone and broadband through to managed networked information technology (IT) solutions and cyber security protection. The Firm operates in five divisions: BT Global Services, BT Business, BT Consumer, EE, BT Wholesale and Openreach. BT Global Services is engaged in providing managed networked IT services. BT Business provides communications and IT services in the United Kingdom and the Republic of Ireland (RoI). BT Consumer segment is a well-known provider of fixed-voice and broadband services in the United Kingdom. EE is a mobile network operator in the United Kingdom and provides mobile and fixed communications services to consumers, businesses, the public sector and the wholesale market. BT Wholesale provides services to communications providers (CPs). Openreach provides services, such as copper and fiber connections between its exchanges, and homes and businesses.
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