In Q1, the group returned to growth in terms of revenue for the first time in a long time. However, this is the objective that the management had set for 2022/23 three months ago.
Cost control remains ongoing but capex continues to grow. We are now at Add (with a limited 13% upside) on the stock which has declined by 11% in the last two weeks with the rotation toward quality growth stocks at the expense of telcos.
28 Jul 2022
Modest revenue growth for the first time in a long time
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Modest revenue growth for the first time in a long time
BT Group plc (BT.A:LON) | 110 0 0.0% | Mkt Cap: 10,914m
- Published:
28 Jul 2022 -
Author:
Jean-Michel Salvador -
Pages:
3
In Q1, the group returned to growth in terms of revenue for the first time in a long time. However, this is the objective that the management had set for 2022/23 three months ago.
Cost control remains ongoing but capex continues to grow. We are now at Add (with a limited 13% upside) on the stock which has declined by 11% in the last two weeks with the rotation toward quality growth stocks at the expense of telcos.