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BT Group: stock falls after UBS downgrade

(CercleFinance.com) - BT Group shares are down almost 1% on Friday after UBS downgraded its rating on the British telecom group due to rising competitive and political risks.


UBS analysts cut its "neutral" rating on BT to "sell", while maintaining its target price at 165 pence.

In mid-morning trading on the London Stock Exchange, BT Group shares were down 0.9% at 189 pence. The FTSE 100 index was up 0.8%.

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