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Share Price Information for BT (BT.A)

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Share Price: 109.65
Bid: 109.65
Ask: 109.70
Change: 0.00 (0.00%)
Spread: 0.05 (0.046%)
Open: 0.00
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Low: 0.00
Prev. Close: 109.65
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Jefferies raises earnings forecasts for 'buy' rated BT

Wed, 14th Aug 2019 15:30

(Sharecast News) - Analysts at Jefferies took a fresh look at BT on Wednesday, upping their earnings estimates for the British telco giant despite some "tough" second quarter comparatives.
Jefferies kept its 'buy' rating and 325.0p target price on the firm's shares and said the group's repricing of loyal out-of-contract consumers created "a helpful backdrop" for debating FTTP enablers.

While the broker acknowledged that BT was going to have a hard time topping its second quarter from a year ago, Jefferies expected Openreach to return to growth from the third quarter, with consumer recovery likely to be visible by the end of the year.

As BT's recent decision to raise CAPEX and FTTP targets were subject to regulatory conditions and policy enablers, Jefferies honed in on the importance of Openreach to the group's future.

Jefferies noted that while Ofcom's FTTP consultation, which could see the watchdog endorse a "fair bet" framework permitting Openreach to earn premium returns from risky FTTP investment, may not be the final word, it said "urgency" from the government would minimise the risk of the group backtracking on constructive proposals.

The analysts also noted that BT's decision to keep its dividend policy unchanged showed its new chief executive was confident of the business after his due diligence.

In terms of changes, Jefferies upped its 2019 underlying EBITDA estimate for BT in 2019 from £7,932m to £8,126m, for 2020 from £7.226m to £8,026m, for 2021 from £7,376m to £8,082m and for 2022 from £7,512m to £8,214m.
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28 Mar 2024 15:46

IN BRIEF: BT Group CEO Allison Kirkby buys GBP55,000 in shares

BT Group PLC - London-based telecommunications operator - Chief Executive Allison Kirkby buys 50,000 shares at GBP1.09 each, worth GBP54,500, in London on Thursday.

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4 Mar 2024 11:52

LONDON MARKET MIDDAY: Stocks mostly lower ahead of UK Spring budget

(Alliance News) - Stock prices in London were mostly lower at midday Monday, as the week started off on a quiet note ahead of a busy week of monetary policy decisions and economic data from across the globe.

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4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

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21 Feb 2024 15:01

London close: Stocks mixed ahead of Fed minutes, Nvidia results

(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors awaited updates from the US Federal Reserve and results from AI chipmaker Nvidia.

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21 Feb 2024 09:45

Iconic BT Tower to be turned into hotel in £275m deal

(Sharecast News) - BT Group said on Wednesday that it has agreed to sell the BT Tower to MCR Hotels for £275m.

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21 Feb 2024 09:03

BT Group to sell BT Tower to MCR Hotels for GBP275 million

(Alliance News) - BT Group PLC on Wednesday said that it has agreed to sell the BT Tower to MCR Hotels, which plans to preserve the building as a landmark hotel.

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20 Feb 2024 17:25

IN BRIEF: BT CEO Allison Kirkby buys GBP428,000 in shares

BT Group PLC - London-based telecommunications operator - Chief Executive Allison Kirkby buys 400,000 shares at GBP1.07 each, worth GBP428,000, in London on Tuesday.

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14 Feb 2024 15:17

PRESS: Brussels open to telecoms mergers to support investment - FT

(Alliance News) - Brussels has signalled it is open to European telecoms mergers to help fund the rollout of 5G and update ageing networks, a report said Wednesday.

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2 Feb 2024 16:59

London close: Stocks mixed as US payrolls come in red-hot

(Sharecast News) - London's stock markets closed with mixed results on Friday, as investors were confronted by an unexpectedly strong US labour market as revealed in the latest US non-farm payrolls report.

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2 Feb 2024 12:27

Citi trims estimates on BT, reiterates 'buy' rating

(Sharecast News) - Citi has trimmed its fourth-quarter estimates for BT Group while reiterating its 'buy' rating.

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1 Feb 2024 16:48

London close: Stocks turn lower as BoE keeps rates on hold

(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.

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1 Feb 2024 08:50

LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

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1 Feb 2024 08:46

TOP NEWS: BT says on track for full year after third-quarter rise

(Alliance News) - BT Group PLC on Thursday said it is on track to meet its guidance for its current financial year, after slight growth in revenue and earnings in the third quarter that was partly thanks to price hikes.

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1 Feb 2024 07:42

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision.

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