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BT Group (LON:BT.A) Stock Price Up 8.4% - Still a Buy?

BT Group logo with Business Services background

BT Group plc (LON:BT.A - Get Free Report) shot up 8.4% during mid-day trading on Thursday . The company traded as high as GBX 221.17 ($2.95) and last traded at GBX 216.12 ($2.89). 49,113,328 shares traded hands during trading, an increase of 165% from the average session volume of 18,542,895 shares. The stock had previously closed at GBX 199.40 ($2.66).

BT Group Price Performance

The stock has a fifty day simple moving average of GBX 188.59 and a two-hundred day simple moving average of GBX 167.86. The company has a market cap of £20.68 billion, a PE ratio of 2,349.96, 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 - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The communications services company reported GBX 18.80 ($0.25) earnings per share for the quarter. BT Group had a return on equity of 6.33% and a net margin of 4.11%. On average, equities analysts predict that BT Group plc will post 19.1185956 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Simon Lowth sold 134,546 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 190 ($2.54), for a total value of £255,637.40 ($341,532.93). Insiders own 43.86% of the company's stock.

About BT Group

(Get Free Report)

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.

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