BT Group: UBS still a seller

(CercleFinance.com) - UBS confirms its 'sell' rating on BT Group shares, maintaining its target price at 115 pence, which gives the share of the UK's incumbent telecoms operator downside potential of 14%, considering comments made by BT's CFO regarding Openreach.


"Stake sale in Openreach unlikely. Openreach doing well on what they can control but broadband line losses likely to continue and risks remain", the broker summarises.


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