BT Group (LON:BT.A) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

BT Group plc (LON:BT.A)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 144.09 ($1.79) and traded as high as GBX 144.40 ($1.79). BT Group shares last traded at GBX 141.90 ($1.76), with a volume of 24,960,924 shares.

BT Group Price 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 £13.88 billion, a P/E ratio of 1,576.67, a PEG ratio of 0.38 and a beta of 0.69. The firm’s fifty day moving average price is GBX 147.30 and its 200-day moving average price is GBX 144.09.

BT Group (LON:BT.A) last released its quarterly earnings results on Thursday, November 7th. The communications services company reported GBX 10.70 ($0.13) earnings per share for the quarter. BT Group had a net margin of 4.11% and a return on equity of 6.33%. Analysts forecast that BT Group plc will post 19.1185956 earnings per share for the current year.

Insider Activity at BT Group

In related news, insider Tushar Morzaria purchased 35,000 shares of the stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of GBX 136 ($1.69) per share, with a total value of £47,600 ($58,991.20). 43.86% of the stock is currently owned by company insiders.

About BT Group

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.