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Share Price Information for BT (BT.A)

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Share Price: 133.70
Bid: 133.70
Ask: 133.75
Change: 0.90 (0.68%)
Spread: 0.05 (0.037%)
Open: 131.75
High: 133.95
Low: 130.95
Prev. Close: 132.80
BT.A Live PriceLast checked at -

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Nomura downgrades BT to 'neutral', cites regulatory risk

Mon, 21st Sep 2015 14:30

(ShareCast News) - Nomura downgraded BT Group to 'neutral' from 'buy' and cut its price target to 490p from 560p.The Japanese bank said it senses a negative shift in regulatory risk, which along with renewed public sector headwinds dents its confidence in BT achieving its target of profitable top-line growth for the medium term."Without top-line growth, we think further rating expansion relative to telecom peers will be difficult and we downgrade to neutral," it said.It forecasts a three-year revenue compound annual growth rate of -0.2% down from a previous estimate for growth of 0.8% and cut its full-year 20120 EBITDA estimate by 4.4%.Nomura said Ofcom's review of BT's cost attribution rules threatens to strip away material cost from Ofcom's regulated products.In addition, the bank said it anticipates renewed pressure on BT's public sector revenue streams."We expect renewed pressure on public sector budgets with the new government's Autumn Spending Review, and, in particular, we are concerned about the impact of a new government framework designed to secure efficiencies from centralised procurement and to allocate more business to small and medium-sized suppliers."It added that pricing pressure and market share loss seem likely for BT.Finally, Nomura said that the implications of a combination between Vodafone and Liberty Global, which it expects to happen, are negative for BT.At 1438 BST, BT shares were down 0.1% at 414.45p.
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22 May 2023 07:17

Broker tips: BT Group, Hill & Smith

(Sharecast News) - Citi reiterated its 'buy' rating on BT Group on Monday and added the shares to its 'European Focus List', "because of its deep value, and as it is a clear beneficiary from improving regulatory and market conditions".

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19 May 2023 12:14

LONDON MARKET MIDDAY: European equities up on hopes of US debt deal

(Alliance News) - Stock prices in London were higher at midday on Friday, with markets upbeat following a positive consumer confidence reading in the UK and amid growing hopes of a debt ceiling deal in the US.

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19 May 2023 09:07

LONDON BROKER RATINGS: RBC raises St James's Place to 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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18 May 2023 17:27

European stocks climb on U.S. debt ceiling optimism

German DAX rallies to fresh Jan 2022 highs

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18 May 2023 17:18

UK equities rise on upbeat global mood; Burberry, BT Group lag

Burberry down after reporting U.S. sales drop

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18 May 2023 16:56

LONDON MARKET CLOSE: Stocks up and dollar boosted by hawkish Fed bets

(Alliance News) - London's FTSE 100 ended higher on Thursday, continuing a slightly up-and-down week, helped by a weaker pound, as a rally in the dollar on an unwinding of doveish Federal Reserve bets continuing.

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18 May 2023 12:33

LONDON MARKET MIDDAY: Stocks and dollar up on US debt ceiling optimism

(Alliance News) - Stock prices in London were higher at midday on Thursday as growing confidence about US debt ceiling negotiations helped to lift market mood, buttressed by some strong individual shares performances from the likes of Aston Martin and Genuit.

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18 May 2023 11:54

European stocks approach highs, but market questions disconnect

STOXX Europe 600 up 0.6%

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18 May 2023 11:51

BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive

To cut jobs after fibre build-out ends

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18 May 2023 09:22

TOP NEWS: BT to cut workforce by up to 40% as profit falls

(Alliance News) - BT Group PLC on Thursday said it will cut up to 55,000 jobs between by 2030, as it reported a decline in profit and revenue for its recent financial year.

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18 May 2023 08:59

LONDON MARKET OPEN: BT shares fall as announces 55,000 jobs to be cut

(Alliance News) - European equities made headway at Thursday's open, though the FTSE 100 underperformed due to share price falls for BT and Burberry.

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18 May 2023 08:08

CORRECT: Royal Mail parent suffers loss; Burberry sees growth

(Correcting spelling of name of new De La Rue chair.)

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18 May 2023 07:55

LONDON BRIEFING: Royal Mail parent suffers loss; Burberry sees growth

(Alliance News) - Stocks in London were called higher on Thursday, as global markets switched to risk-on, following signs of progress on US debt negotiations.

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18 May 2023 07:20

BT FY profits rise 5% in line with forecasts

(Sharecast News) - Shares in BT Group slumped as the UK telecoms giant said it planned to axe up to 55,000 jobs by 2030 and become a "leaner" business.

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16 May 2023 09:49

LONDON BROKER RATINGS: Liberum cuts Greggs; RBC raises AB Foods

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

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