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UBS maintains sell rating on BT Group with 115 pence target amid merger risks

EditorPollock Mondal
Published 23/11/2023, 10:28
Updated 23/11/2023, 10:28
© Reuters.

UBS has reiterated its sell recommendation for BT Group (LON:BT) shares, maintaining a price target of 115 pence. The firm's analysts point to potential contractions in the company's EBITDA as a significant concern. They also note that while UK budget changes may offer some tax advantages, there is an underestimated risk associated with the TalkTalk merger that could impact the stock's valuation.

The analysts emphasize the importance of considering these factors in light of the current inflated share price. UBS's analysis serves as a resource for investors who are advised to seek professional advice before making investment decisions. The firm's stance comes amid a broader evaluation of BT Group's financial outlook and market conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Guess who is shorting BT then
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