BT Group (LON:BT.A) Reaches New 1-Year High – Time to Buy?

BT Group plc (LON:BT.A) shares reached a new 52-week high on Friday . The stock traded as high as GBX 198.95 ($2.67) and last traded at GBX 198.06 ($2.66), with a volume of 43165648 shares traded. The stock had previously closed at GBX 197.85 ($2.66).

BT Group Price Performance

The stock has a 50-day moving average of GBX 183.29 and a two-hundred day moving average of GBX 165.04. The firm has a market cap of £19.36 billion, a price-to-earnings ratio of 2,199.44, a price-to-earnings-growth ratio of 0.38 and a beta of 0.69. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 187.58.

BT Group (LON:BT.A) last announced its earnings results on Thursday, May 22nd. The communications services company reported GBX 18.80 ($0.25) earnings per share (EPS) for the quarter. BT Group had a net margin of 4.11% and a return on equity of 6.33%. On average, analysts anticipate that BT Group plc will post 19.1185956 EPS for the current year.

Insider Activity at BT Group

In other news, insider Simon Lowth sold 134,546 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 190 ($2.55), for a total transaction of £255,637.40 ($343,137.45). 43.86% of the stock is currently owned by corporate insiders.

About BT Group

BT Group is the UK’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries.

BT Group consists of three customer-facing units: Consumer serves individuals and families in the UK; Business* covers companies and public services in the UK and internationally; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers – over 650 communication providers across the UK.

British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group.