BT (BT.A) 01-05-20
Will BT (BT.A) shares break through support at 112p, or push upwards again to 177p (+36%) February highs?
- Shares trading at 116p, near the 112p support (at time of writing).
- Will the pattern repeat this time? This support has proven to be a key level in the recent past.
- 177p was the recent high. (+36%)
- Shares -42% from 12-month highs; +12.5% from 12 month lows.
29 Apr – Goldman Sachs reaffirmed its buy investment rating on BT Group PLC (LON:BT.A) and cut its price target to 170p (from 190p).
15 Apr – BT delays Huawei strip out despite signing Ericsson deal
8- Apr – BT ‘pulls out’ of £264m BT Ireland sale
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires