BT Group (LON:BT.A) Stock Jumps 6.8% – Here’s What Happened

BT Group plc (LON:BT.A) shares shot up 6.8% on Friday. The stock traded as high as GBX 229 and last traded at GBX 227.40. 227,553,172 shares traded hands during mid-day trading, an increase of 464% from the average session volume of 40,340,570 shares. The stock had previously closed at GBX 213.

Analyst Ratings Changes

Separately, Citigroup reduced their target price on shares of BT Group from GBX 175 to GBX 165 and set a “sell” rating for the company in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 157.

BT Group Stock Up 6.8%

The firm has a 50-day moving average price of GBX 202.57 and a 200 day moving average price of GBX 204.71. The company has a debt-to-equity ratio of 187.58, a current ratio of 0.89 and a quick ratio of 0.83. The company has a market cap of £22.41 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 0.38 and a beta of 0.69.

About BT Group

BT Group is the UK’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services.

BT Group consists of four customer-facing units: Consumer serves individuals and families in the UK; Business covers companies and public services in the UK; International serves multinational organisations headquartered outside the UK and overseas public sector customers; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers – over 700 communications providers across the UK.
British Telecommunications Limited is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group.