Could BT Group plc (BT) Change Direction After Touching Yearly Low?

May 16, 2018 - By Vivian Currie

BT Group plc (NYSE:BT) Logo

The stock of BT Group plc (NYSE:BT) hit a new 52-week low and has $12.97 target or 6.00 % below today’s $13.80 share price. The 5 months bearish chart indicates high risk for the $27.07 billion company. The 1-year low was reported on May, 16 by Barchart.com. If the $12.97 price target is reached, the company will be worth $1.62B 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.

The stock decreased 1.71% or $0.24 during the last trading session, reaching $13.8. About 879,544 shares traded. BT Group plc (NYSE:BT) has declined 23.19% since May 16, 2017 and is downtrending. It has underperformed by 34.74% the S&P500.

BT Group plc (NYSE:BT) Ratings Coverage

Among 4 analysts covering BT Group (NYSE:BT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. BT Group had 4 analyst reports since January 2, 2018 according to SRatingsIntel. The stock has “Buy” rating by Berenberg on Friday, February 23. Deutsche Bank upgraded BT Group plc (NYSE:BT) on Wednesday, February 21 to “Hold” rating. On Tuesday, January 2 the stock rating was upgraded by Bank of America to “Buy”. The stock of BT Group plc (NYSE:BT) earned “Market Perform” rating by Bernstein on Wednesday, May 16.

More notable recent BT Group plc (NYSE:BT) news were published by: Seekingalpha.com which released: “BT Group at seven-year low as bullish Bernstein downgrades” on May 16, 2018, also Seekingalpha.com with their article: “BT cuts 13K jobs, relocates HQ” published on May 10, 2018, Seekingalpha.com published: “BT Group Plc: Stay The Course” on April 18, 2018. More interesting news about BT Group plc (NYSE:BT) were released by: Streetinsider.com and their article: “Britain’s BT fights back with new consumer strategy” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “BT Group Plc (BT) Q4 2018 Results – Earnings Call Transcript” with publication date: May 10, 2018.

BT Group plc provides communications services worldwide. The company has market cap of $27.07 billion. The Company’s Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers and the online BT Shop, as well as through Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. It has a 11.55 P/E ratio. The company's EE segment offers 2G, 3G, and 4G mobile network services; and broadband, fixed-voice, and TV services, as well as postpaid and prepaid plans, and emergency services network.

BT Group plc (NYSE:BT) Ratings Chart

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