BT Group (LON:BT.A) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?


BT Group (LON:BT.A) Share Price Passes Above Two Hundred Day Moving Average   - Should You Sell?

BT Group plc (LON:BT.A - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 143.94 ($1.80) and traded as high as GBX 148.02 ($1.85). BT Group shares last traded at GBX 145.50 ($1.82), with a volume of 13,261,479 shares.

The business's fifty day moving average price is GBX 147.66 and its 200 day moving average price is GBX 143.94. 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 firm has a market capitalization of £14.19 billion, a PE ratio of 1,612.22, a P/E/G ratio of 0.38 and a beta of 0.69.

In related news, insider Tushar Morzaria bought 35,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of GBX 136 ($1.70) per share, with a total value of £47,600 ($59,381.24). 43.86% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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