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Posted by
Two Blokes May 23 -
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Stock
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BT Group PLC's (LSE:BT.A) full-year results show steady progress on fibre rollout and cost control, but persistent customer losses at Openreach and rising competition continue to weigh on sentiment. Citi maintained its sell rating on the stock, with a target price of 140p compared with the current price of 177p (up 1%) Revenue and earnings before interest, tax, depreciation and amortisation for the final quarter were slightly below consensus estimates, though free cash flow came in 5% ahead, helped by lower capital expenditure.
