The stock of BT Group plc (ADR) (NYSE:BT) is a huge mover today! About 170,143 shares traded hands. BT Group plc (ADR) (NYSE:BT) has declined 29.99% since April 26, 2016 and is downtrending. It has underperformed by 35.25% the S&P500.
The move comes after 8 months positive chart setup for the $43.30 billion company. It was reported on Nov, 29 by Barchart.com. We have $24.40 PT which if reached, will make NYSE:BT worth $3.46 billion more.
Analysts await BT Group plc (ADR) (NYSE:BT) to report earnings on February, 6. They expect $0.48 earnings per share, down 64.71% or $0.88 from last year’s $1.36 per share. BT’s profit will be $920.05 million for 11.77 P/E if the $0.48 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% 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”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. BT Group plc has been the topic of 10 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded the shares of BT in a report on Monday, June 27 to “Neutral” rating. The firm earned “Neutral” rating on Tuesday, June 28 by Macquarie Research. On Wednesday, July 22 the stock rating was downgraded by Macquarie Research to “Underperform”. The stock of BT Group plc (ADR) (NYSE:BT) earned “Buy” rating by Citigroup on Monday, June 27. On Friday, October 7 the stock rating was downgraded by Macquarie Research to “Underperform”. The rating was reinitiated by JP Morgan on Tuesday, January 12 with “Overweight”. The firm earned “Neutral” rating on Thursday, April 28 by UBS. JP Morgan downgraded the stock to “Neutral” rating in Thursday, September 1 report. Jefferies downgraded BT Group plc (ADR) (NYSE:BT) on Wednesday, April 20 to “Hold” rating. The stock of BT Group plc (ADR) (NYSE:BT) has “Neutral” rating given on Monday, September 21 by Nomura.
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 13, 2011.
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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