Barclays upgrades BT to 'overweight'
BT Group
142.80p
12:20 18/11/24
0.56%
0.80p
Barclays upgraded its stance on shares of BT to ‘overweight’ from ‘equalweight’, lifting the price target to 160p from 130p as it took a more constructive view on the stock.
Fixed Line Telecommunications
2,011.44
12:19 18/11/24
0.99%
19.67
FTSE 100
8,074.13
12:20 18/11/24
n/a
n/a
FTSE 350
4,455.55
12:20 18/11/24
n/a
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FTSE All-Share
4,413.49
12:20 18/11/24
n/a
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The bank said its key reasons for taking a more positive view are a rapidly improving outlook for Openreach and fibre to the home, supported by a recent meeting with management, and de-risked consensus estimates with an attractive valuation.
At 0940 BST, BT shares were up 1.1% at 104.60p.