Q2 EBITDA was up by 3% yoy. BT is well on track to meet its £3bn savings target by FY25 and we await the next phase (plan to shed 40% of staff by the end of the decade).
BT is a long-term buy and hold. However two elements are likely to prevent a sharp increase in the short term: a dividend yield at 6.95% and short-term selling pressure with the possible exit from the share capital of Drahi or DT.

02 Nov 2023
Buy BT at a long-term bottom?

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Buy BT at a long-term bottom?
BT Group plc (BT.A:LON) | 207 -2.3 (-0.5%) | Mkt Cap: 20,676m
- Published:
02 Nov 2023 -
Author:
Jean-Michel Salvador -
Pages:
3 -
Q2 EBITDA was up by 3% yoy. BT is well on track to meet its £3bn savings target by FY25 and we await the next phase (plan to shed 40% of staff by the end of the decade).
BT is a long-term buy and hold. However two elements are likely to prevent a sharp increase in the short term: a dividend yield at 6.95% and short-term selling pressure with the possible exit from the share capital of Drahi or DT.