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BT Group plc
(LSE:BT.A)
BT Group plc (BT.A) vs. iShares MSCI United Kingdom ETF (EWC)
BT Group plc Business Overview & Revenue Model
BT Group plc Earnings Call Summary
BT Group plc Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.36B | 20.36B | 20.80B | 20.85B | 21.33B | 22.91B |
| Gross Profit | 9.54B | 14.99B | 9.71B | 13.78B | 13.80B | 15.72B |
| EBITDA | 7.36B | 7.27B | 6.46B | 7.23B | 6.88B | 7.55B |
| Net Income | 1.05B | 1.05B | 855.00M | 1.27B | 1.47B | 1.73B |
Balance Sheet | ||||||
| Total Assets | 50.98B | 50.98B | 51.74B | 49.77B | 50.88B | 53.07B |
| Cash, Cash Equivalents and Short-Term Investments | 2.81B | 2.81B | 2.31B | 3.46B | 4.65B | 6.60B |
| Total Debt | 23.33B | 23.33B | 23.48B | 21.95B | 22.84B | 25.89B |
| Total Liabilities | 38.07B | 38.07B | 39.22B | 34.48B | 39.20B | 38.30B |
| Stockholders Equity | 12.91B | 12.91B | 12.52B | 15.30B | 11.68B | 14.76B |
Cash Flow | ||||||
| Free Cash Flow | 2.05B | 2.05B | 984.00M | 1.30B | 1.06B | 2.17B |
| Operating Cash Flow | 6.99B | 6.99B | 5.95B | 5.91B | 5.96B | 6.27B |
| Investing Cash Flow | -5.01B | -5.01B | -3.54B | -3.56B | -3.24B | -5.65B |
| Financing Cash Flow | -2.11B | -2.11B | -2.43B | -2.56B | -3.22B | -807.00M |
BT Group plc Technical Analysis
BT Group plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £808.36M | 16.69 | 18.64% | 2.23% | 11.95% | 20.69% | |
69 Neutral | £20.36B | 15.39 | 7.56% | 4.42% | -2.53% | 24.52% | |
68 Neutral | £2.02B | 28.86 | ― | ― | 4.95% | ― | |
63 Neutral | £25.64B | 7.41 | -7.57% | 3.74% | 16.15% | -279.78% | |
63 Neutral | £12.85B | 24.62 | 21.04% | 1.50% | 14.13% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | £4.00B | -16.28 | -10.35% | ― | ― | ― |
BT Group plc Corporate Events
BT Group has reported that as of 27 February 2026 its issued share capital comprised 9,968,127,681 ordinary shares, of which 487,815 are held in treasury and do not carry voting rights. This leaves a total of 9,967,639,866 voting rights in the company, a key reference figure for investors monitoring their holdings under UK disclosure and transparency regulations.
The updated voting rights figure provides shareholders with the denominator needed to assess whether their ownership levels trigger mandatory notification thresholds set by the Financial Conduct Authority. Regular disclosures of this type help maintain transparency in BT Group’s shareholder base and support regulatory compliance for institutional and other significant investors.
The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £225.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.
BT Group has disclosed a series of share transactions by senior executives, including CEO International Bas Burger, Group General Counsel and Company Secretary Sabine Chalmers, Chief Security and Networks Officer Greg McCall and Chief People & Culture Officer Alison Wilcox. The transactions, all executed in London on 11 February 2026, involved the reinvestment of cash dividends into additional BT ordinary shares, both for personal shareholdings and under the BT employee share investment plan, signalling continued executive and employee alignment with shareholder interests.
Burger acquired 2,982 shares at £2.03 each, while Chalmers received a total of 8,288 shares across personal and plan-related reinvestments at the same price point. McCall and Wilcox acquired smaller tranches of 21 and 530 shares respectively, also via dividend reinvestment, reflecting routine capital allocation and governance transparency under EU market abuse regulations rather than any strategic change in BT’s capital structure.
The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £215.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.
BT Group has disclosed director dealings showing that independent non-executive director Sara Weller purchased 5,932 ordinary BT shares at £2.01 each on 10 February 2026 in London. The transaction modestly increases insider ownership and may be read by investors as a sign of confidence in the company’s valuation and long-term prospects.
In a separate disclosure, Jon James, CEO of BT’s UK Business, reported the lapse of 715,556 shares tied to a restricted share plan after a technical change to the performance conditions. The lapse underscores adjustments in BT’s executive incentive structures, which could affect how management rewards are aligned with evolving performance metrics and shareholder interests.
The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £215.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.
BT Group has announced a leadership reshuffle across its Openreach and International units, with current Openreach Deputy CEO Katie Milligan set to become CEO of Openreach on 1 April 2026 and current Openreach chief Clive Selley moving to lead BT International. The changes follow the departure of Bas Burger after 18 years at the company and are framed by BT’s management as a way to maintain Openreach’s commercial momentum in the UK while accelerating BT International’s evolution into a next‑generation global telecoms platform.
Milligan, a long-serving BT executive credited with driving Openreach’s return to revenue and EBITDA growth and reshaping its commercial strategy, will oversee the network arm that underpins the UK’s full‑fibre rollout. Selley, whose tenure at Openreach has seen one of Europe’s fastest fibre upgrades and the build‑out of infrastructure reaching more than 21 million premises, is expected to leverage his engineering and large‑scale infrastructure experience to scale BT’s international platform business and support customers’ digital transitions outside the UK.
The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £223.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.
BT Group reported continued progress on its UK network and customer strategy, with its full fibre footprint extended to 21.4 million premises, including 5.9 million in rural areas, and record FTTP connections pushing Openreach’s take-up rate above 38%. The group’s 5G base grew to 14.3 million users with 5G+ coverage reaching 69% of the population, while Consumer broadband, mobile and TV customer bases all increased and EE retained its status as the UK’s top mobile network across multiple independent benchmarks. Despite this operational momentum, adjusted group revenue for the third quarter fell 4% year-on-year to £5.0bn and adjusted EBITDA dipped 1% to £2.1bn, reflecting pressure from legacy voice declines, weaker handset and equipment sales, and the impact of disposals, while reported profit before tax dropped due in part to losses at the sports joint venture. Management highlighted ongoing cost transformation, reduced labour and energy usage, improved customer satisfaction and completion of all targeted International disposals, and reiterated that the group remains on track to meet full-year guidance and deliver significant free cash flow growth over the coming years.
The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £212.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.
BT Group plc reported that as of 30 January 2026 its issued share capital comprised 9,968,127,681 ordinary shares, of which 497,391 were held in treasury, leaving 9,967,630,290 ordinary shares carrying voting rights. The disclosed total voting rights figure provides investors and other stakeholders with the official denominator to assess and report significant shareholdings under UK Financial Conduct Authority transparency rules, supporting regulatory compliance and clarity on BT’s ownership structure.
The most recent analyst rating on ($GB:BT.A) stock is a Buy with a £250.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.
BT Group plc reported that as of 31 December 2025 its issued share capital comprised 9,968,127,681 ordinary shares, of which 543,132 were held in treasury, resulting in 9,967,584,549 voting rights in issue. The disclosure provides investors and other stakeholders with the official share and voting rights denominator needed for regulatory reporting under the FCA’s transparency rules, supporting accurate monitoring of significant shareholdings and corporate governance oversight.
The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £195.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.
BT Group plc has disclosed a director share transaction, reporting that independent non-executive director Alex Chisholm purchased 10,000 ordinary BT shares at a price of £1.83 per share on 23 December 2025 in London. The director’s personal investment, notified under market abuse regulations, signals alignment of board interests with shareholders and provides transparency to investors regarding insider dealings in BT’s stock.
The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £195.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.
BT Group plc announced transactions involving its directors and key managerial personnel, including the purchase of shares by Non-Executive Director Steven Guggenheimer and the grant of awards under the BT Group Restricted Bonus Plan to Chief Digital Officer Peter Leukert and Chief Corporate Affairs and Brand Officer Leslie McGibbon. These transactions, conducted on December 12, 2025, reflect ongoing strategic moves within the company to align management interests with shareholder value, potentially impacting stakeholder confidence and market perceptions.
The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £195.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.
BT Group plc announced a significant transaction involving Bharti Televentures UK Limited, a company closely associated with Mr. Sunil Bharti Mittal, a non-independent non-executive director of BT Group. Bharti Televentures UK Limited purchased a total of 4,900,000 ordinary shares in BT Group, increasing its holding to approximately 24.95% of the total voting rights. This acquisition, executed over two days, reflects a strategic move that could potentially influence BT Group’s market positioning and shareholder dynamics.
The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £195.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page.