BT Group: Berenberg a buyer ahead of full-year results
(CercleFinance.com) - Shares in BT Group, Britain's biggest broadband and mobile provider, are up 1.
7% ahead of its full-year results due our on 10 May, with Berenberg this morning repeating its "buy" rating on the stock, along with its target price of 310 pence.
The German broker thinks the upcoming report could be "potentially eventful."
Berenberg says its positive stance on the shares is based on increased clarity regarding its full-year results and the conclusion of the pension review, and on BT returning to both revenue and earnings growth in 2019/2020.
"We believe the results could bring a grand reveal," saying that the operator could decide to sacrifice dividend growth (or even announce a dividend cut) to secure a favourable pension agreement and fund expanded long-term fibre plans.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7% ahead of its full-year results due our on 10 May, with Berenberg this morning repeating its "buy" rating on the stock, along with its target price of 310 pence.
The German broker thinks the upcoming report could be "potentially eventful."
Berenberg says its positive stance on the shares is based on increased clarity regarding its full-year results and the conclusion of the pension review, and on BT returning to both revenue and earnings growth in 2019/2020.
"We believe the results could bring a grand reveal," saying that the operator could decide to sacrifice dividend growth (or even announce a dividend cut) to secure a favourable pension agreement and fund expanded long-term fibre plans.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.