BofA upgrades UK's BT Group to 'buy'; stock up

BT

05/05/2026 09:30

** Shares of Britain's largest broadband and mobile provider BT Group up 6.4% at 230.55p

** BofA Global Research raises stock to "buy" from "neutral", hikes price objective to 282p from 213p

** "We see increasing likelihood that BT guides to a higher mid-term dividend payout as fibre build completes and pension payments mature. This creates scope for a re-rating and valuation upside" - analysts at BOFA

** Eight of 18 analysts covering the stock have a "buy" or higher rating, 4 have "hold" while 6 rate it "sell" or lower; median PT is 218p - LSEG data

** YTD, stock has risen ~25%

 (Reporting by Tuhina in Bengaluru;)

 ((Tuhina@thomsonreuters.com ;))