BT Group: dividend sustainability is main risk, broker says.

(CercleFinance.com) - Dividend sustainability now appears to be the main risk factor at BT, Britain's largest telecoms group, Morgan Stanley (MS) analysts say this Wednesday.


The brokerage firm has consequently reduced its target price for the stock from 350 pence to 320 pence, while maintaining itsan "equal weight" rating.

In 2016, BT shares were dogged by regulatory fears and the threat of Openreach separation, MS points out.

So far 2017 has been dominated by fraud in Italy, weaker corporate spend and concerns over rising capex, the broker added.


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