BT Group plc (BT) Surges to 1 Year Low, Is Now Worst Performer

May 24, 2018 - By Adrian Mccoy

BT Group plc (NYSE:BT) Logo

The stock of BT Group plc (NYSE:BT) hit a new 52-week low and has $12.73 target or 8.00 % below today’s $13.84 share price. The 5 months bearish chart indicates high risk for the $27.28 billion company. The 1-year low was reported on May, 24 by Barchart.com. If the $12.73 price target is reached, the company will be worth $2.18 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 0.58% or $0.0801 during the last trading session, reaching $13.8401. About 1.91M shares traded or 62.84% up from the average. BT Group plc (NYSE:BT) has declined 23.19% since May 24, 2017 and is downtrending. It has underperformed by 34.74% the S&P500.

BT Group plc (NYSE:BT) Ratings Coverage

Among 4 analysts covering BT Group (NYSE:BT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. BT Group had 4 analyst reports since January 2, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Friday, February 23 by Berenberg. The stock of BT Group plc (NYSE:BT) has “Buy” rating given on Tuesday, January 2 by Bank of America. The stock of BT Group plc (NYSE:BT) earned “Market Perform” rating by Bernstein on Wednesday, May 16. The stock of BT Group plc (NYSE:BT) earned “Hold” rating by Deutsche Bank on Wednesday, February 21.

More notable recent BT Group plc (NYSE:BT) news were published by: Seekingalpha.com which released: “BT cuts 13K jobs, relocates HQ” on May 10, 2018, also Stockhouse.com with their article: “BT Group PLC – BT – Annual Financial Report” published on May 24, 2018, Fool.com published: “Why BT Group Shares Fell Today” on May 10, 2018. More interesting news about BT Group plc (NYSE:BT) were released by: Seekingalpha.com and their article: “BT -9.7% as costly job cuts, dividend freeze overshadow earnings” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “BT Group at seven-year low as bullish Bernstein downgrades” with publication date: May 16, 2018.

BT Group plc provides communications services worldwide. The company has market cap of $27.28 billion. The Company’s Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers and the online BT Shop, as well as through Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. It has a 11.58 P/E ratio. The company's EE segment offers 2G, 3G, and 4G mobile network services; and broadband, fixed-voice, and TV services, as well as postpaid and prepaid plans, and emergency services network.

BT Group plc (NYSE:BT) Ratings Chart

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