RE: No subjugation23 Dec 2023 15:37
BT Group, a leading UK-based telecommunications company, operates globally, providing a wide range of
communication and IT services. As a major player in the telecommunications sector, BT offers broadband,
phone, digital television, and IT services to consumers and businesses. With a focus on innovation,
connectivity, and digital solutions, BT plays a vital role in shaping the future of telecommunications and
technology services for individuals and enterprises alike.
Fundamentals
BT Group and Nokia have expanded collaboration to monetize 5G through telecommunications APIs,
signing a memorandum of understanding. The initiative focuses on Nokia's Network as Code platform,
enabling operators to monetize 5G assets beyond connectivity and offering deep network functionality to
developers. BT's cloud-native network will be leveraged, creating new value for EE mobile network
customers. The collaboration aligns with the shift toward software-based 5G networks. Additionally, BT
aims to expand its EE ID service into a national digital ID, capitalizing on the growing demand for identity
verification.
Market Capitalisation: £12.51Billion
Sector: Fixed Line Telecommuniations
12 Month Price Range: 110.15 – 161.35p
5 Year Price Range: 84.46 – 209.7p
Technical Analysis
BT shares faced challenges over the past year within a descending wedge. In November, a breakout from
the wedge triggered a robust upward correction. The shares formed a bottom pattern on the daily chart by
surpassing resistance at 127.15p. After retracing to the 127.15p level, an opportunity to buy has emerged,
anticipating further price increases.
Verdict: BUY
Buy between 120 – 130P
Stop: 113p
Target: 150p
Sign In
Follow the stocks
