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

Shares of BT Group plc (LON:BT.A - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 154.85 ($2.10) and traded as high as GBX 175.73 ($2.38). BT Group shares last traded at GBX 174.70 ($2.37), with a volume of 17,737,561 shares changing hands.

BT Group Stock Down 0.7%

The company's 50-day moving average price is GBX 166.35 and its 200 day moving average price is GBX 155.86. The company has a debt-to-equity ratio of 187.58, a quick ratio of 0.83 and a current ratio of 0.89. The stock has a market cap of £17.43 billion, a PE ratio of 1,979.89, a price-to-earnings-growth ratio of 0.38 and a beta of 0.69.

BT Group (LON:BT.A - Get Free Report) 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%. As a group, analysts forecast that BT Group plc will post 19.1185956 EPS for the current fiscal year.

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.