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UBS has reiterated its 'sell' rating on BT Group PLC (LSE:BT.A) with a revised price target of 175p, up from 140p, arguing that persistent revenue declines will prevent the telecoms giant from hitting its long-held target of £3 billion in annual free cash flow by the end of the decade. The investment bank raised its target purely to reflect a broader re-rating of the European telecoms sector rather than any…

Citi has lifted its price target on BT Group PLC (LSE:BT.A) to £1.75 from £1.40, reflecting a broader sector re-rating, but maintained its sell rating on the FTSE 100 telecoms group, arguing that consensus forecasts remain too optimistic across a range of key metrics. The US bank said the market is too bullish on BT's medium-term revenue, consumer EBITDA, earnings per share and normalised free cash flow, but…

The recent BT Group PLC share price rally has left the telecoms giant looking vulnerable, with Deutsche Bank reiterating its 'sell' rating and warning that investors should not mistake a run of good fortune for genuine defensive strength. Analyst Robert Grindle acknowledged the FTSE 100 company has benefited from two tailwinds this year, namely telecoms' relative defensive stature.

BT Group PLC (LSE:BT.A) has announced a leadership reshuffle across two of its core business units, with Katie Milligan set to become chief executive of Openreach from 1 April. Clive Selley, the current Openreach CEO, will move to head BT International.

BT Group PLC's latest update shows progress on fibre installations, but revenue pressures continue to drag. UBS analyst Polo Tang called it a “very weak” quarter on the top line, with earnings only meeting expectations thanks to cost savings.