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BT Group (LON:BT.A) Trading Up 8.4% - Here's What Happened

BT Group logo with Business Services background

BT Group plc (LON:BT.A - Get Free Report)'s stock price was up 8.4% on Thursday . The company traded as high as GBX 221.17 ($2.99) and last traded at GBX 216.12 ($2.92). Approximately 49,113,328 shares were traded during mid-day trading, an increase of 165% from the average daily volume of 18,542,895 shares. The stock had previously closed at GBX 199.40 ($2.69).

BT Group Stock Performance

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 has a market cap of £21.14 billion, a P/E ratio of 2,401.37, a PEG ratio of 0.38 and a beta of 0.69. The stock has a fifty day simple moving average of GBX 185.55 and a 200-day simple moving average of GBX 166.01.

BT Group (LON:BT.A - Get Free Report) last released its quarterly earnings data 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%. Equities analysts expect that BT Group plc will post 19.1185956 earnings per share for the current fiscal year.

Insider Buying and Selling at BT Group

In related news, insider Simon Lowth sold 134,546 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of GBX 190 ($2.57), for a total transaction of £255,637.40 ($345,315.95). 43.86% of the stock is owned by company insiders.

BT Group Company Profile

(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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