Targets14 May 2018 15:39
The BT Group PLC (LON:BT.A) share price can�t catch a break at the moment.
The stock fell last Thursday after the embattled telecoms giant announced it was cutting 13,000 jobs as full-year revenues slipped slightly, and it is down again today (Monday).
In mid-afternoon trading, BT�s shares are 2.3% in the red at 212.1p.
That shouldn�t be the case though, according to Numis analyst John Karidis, who is one of the few City number crunchers to have the FTSE 100 company as a �buy�, with a bullish price target of 325p to boot.
He points out that the trend in Europe is moving towards fixed-mobile convergence (FMC) services � where mobile phones and landlines act as one, with the same number, access to the same voicemail and simultaneous ringing.
�BT has by far the best arsenal (networks + distribution muscle + premium content) to grow value as a result of this trend,� wrote Karidis in a research note.
The analyst adds that BT�s Openreach division also has �good scope to grow value� given its ability to develop its fibre offering cheaper and faster than its competitors.