BT Group (LON:BT.A) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• BT Group's share price has crossed above its 200-day moving average during trading, reaching a high of GBX 197.65 ($2.67).
• The company currently holds a market capitalization of £19.21 billion and has a notably high PE ratio of 1,860.14.
• BT Group operates as the UK's leading provider of telecommunications services, encompassing various customer-facing units including Consumer, Business, and Openreach.

BT Group plc (LON:BT.A - )'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 184.81 ($2.50) and traded as high as GBX 197.65 ($2.67). BT Group shares last traded at GBX 197.10 ($2.66), with a volume of 15,797,234 shares.

BT Group Trading Up 0.0%

The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 187.58. The stock's fifty day moving average price is GBX 207.25 and its two-hundred day moving average price is GBX 184.81. The company has a market capitalization of £19.21 billion, a PE ratio of 1,860.14, a price-to-earnings-growth ratio of 0.38 and a beta of 0.69.

BT Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.