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UPDATE: JP Morgan Upgrades BT Group to Overweight on Relative Attractiveness

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JP Morgan raised its rating on BT Group (NYSE: BT) from Neutral to Overweight as the company appears relatively more attractive than European incumbents.

JP Morgan commented, "We upgrade BT to Overweight (from Neutral) due to the relative attraction we see vs Euro incumbents.. We believe BT's forecast risk is lower than the sector's, given its exposure to the UK, fixedline, its lack of exposure to spectrum auctions, and as its fibre rollout plans are already well known and in forecasts (with early proof of monetisation)."

BT Group closed at $35.17 on Tuesday.

Latest Ratings for BT

DateFirmActionFromTo
Jun 2016MacquarieUpgradesUnderperformNeutral
Jun 2016CitigroupUpgradesNeutralBuy
Jun 2016Credit SuisseDowngradesBuyNeutral

View More Analyst Ratings for BT
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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