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An update from BT Group plc ( ($GB:BT.A) ) is now available.
BT Group has reported significant progress in its modernization efforts, achieving increased fibre build, customer satisfaction, and EBITDA growth despite lower revenue outside the UK and weak handset sales. Notably, Openreach achieved a record full fibre build for the fourth consecutive quarter, while the Consumer division returned to service revenue growth. The company is focused on the UK market, with a strategic sale of its data centre business in Ireland, and has appointed Jon James as the CEO of a UK-centric BT Business. BT Group remains on track with its financial outlook, projecting substantial cash flow growth by the end of the decade.
More about BT Group plc
BT Group is the UK’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions, and services. The company also offers managed telecommunications, security, and network services.
YTD Price Performance: 1.35%
Average Trading Volume: 18,161,769
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £14.04B
For a thorough assessment of BT.A stock, go to TipRanks’ Stock Analysis page.
