Stock Mover of The Day: After Today’s Significant Decline, Is BT Group plc (ADR)’s Near-Term Analysis Negative?

Stock Mover of The Day: After Today's Significant Decline, Is BT Group plc (ADR)'s Near Term Analysis Negative?

The stock of BT Group plc (ADR) (NYSE:BT) is a huge mover today! About 295,332 shares traded hands. BT Group plc (ADR) (NYSE:BT) has declined 29.17% since March 4, 2016 and is downtrending. It has underperformed by 37.21% the S&P500.
The move comes after 8 months negative chart setup for the $44.67 billion company. It was reported on Oct, 7 by We have $21.96 PT which if reached, will make NYSE:BT worth $2.23B less.

Analysts await BT Group plc (ADR) (NYSE:BT) to report earnings on November, 3. They expect $0.46 earnings per share, down 11.54% or $0.06 from last year’s $0.52 per share. BT’s profit will be $888.76 million for 12.57 P/E if the $0.46 EPS becomes a reality. After $0.47 actual earnings per share 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 stock of BT Group plc (ADR) (NYSE:BT) earned “Buy” rating by Citigroup on Monday, June 27. The company was upgraded on Thursday, April 28 by UBS. As per Monday, September 21, the company rating was downgraded by Nomura. Macquarie Research downgraded the stock to “Underperform” rating in Wednesday, July 22 report. The firm has “Hold” rating by Jefferies given on Wednesday, April 20. The rating was upgraded by Macquarie Research on Tuesday, June 28 to “Neutral”. JP Morgan reinitiated the stock with “Overweight” rating in Tuesday, January 12 report. The rating was downgraded by JP Morgan to “Neutral” on Thursday, September 1. The company was downgraded on Monday, June 27 by Credit Suisse.

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 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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