Is Selling 52-Week Stock Like BT Group plc (BT) a Winning Strategy?

May 16, 2018 - By Migdalia James

BT Group plc (NYSE:BT) Logo

The stock of BT Group plc (NYSE:BT) hit a new 52-week low and has $12.97 target or 6.00 % below today’s $13.80 share price. The 5 months bearish chart indicates high risk for the $27.07 billion company. The 1-year low was reported on May, 16 by Barchart.com. If the $12.97 price target is reached, the company will be worth $1.62B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.71% or $0.24 during the last trading session, reaching $13.8. About 879,544 shares traded. BT Group plc (NYSE:BT) has declined 23.19% since May 16, 2017 and is downtrending. It has underperformed by 34.74% the S&P500.

BT Group plc (NYSE:BT) Ratings Coverage

Among 4 analysts covering BT Group (NYSE:BT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. BT Group had 4 analyst reports since January 2, 2018 according to SRatingsIntel. The firm has “Market Perform” rating by Bernstein given on Wednesday, May 16. The stock of BT Group plc (NYSE:BT) earned “Buy” rating by Bank of America on Tuesday, January 2. As per Wednesday, February 21, the company rating was upgraded by Deutsche Bank. On Friday, February 23 the stock rating was upgraded by Berenberg to “Buy”.

More notable recent BT Group plc (NYSE:BT) news were published by: Seekingalpha.com which released: “BT Group Plc (BT) Q4 2018 Results – Earnings Call Transcript” on May 10, 2018, also Seekingalpha.com with their article: “BT -9.7% as costly job cuts, dividend freeze overshadow earnings” published on May 10, 2018, Streetinsider.com published: “Britain’s BT fights back with new consumer strategy” on May 16, 2018. More interesting news about BT Group plc (NYSE:BT) were released by: Seekingalpha.com and their article: “BT Group at seven-year low as bullish Bernstein downgrades” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “BT cuts 13K jobs, relocates HQ” with publication date: May 10, 2018.

BT Group plc provides communications services worldwide. The company has market cap of $27.07 billion. The Company’s Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers and the online BT Shop, as well as through Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. It has a 11.55 P/E ratio. The company's EE segment offers 2G, 3G, and 4G mobile network services; and broadband, fixed-voice, and TV services, as well as postpaid and prepaid plans, and emergency services network.

BT Group plc (NYSE:BT) Ratings Chart

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