Nomura Securities Reiterates a 'Buy' on BT Group (BT); Compelling Valuation

Nomura Securities reiterates a 'Buy' on BT Group (NYSE: BT).

Analyst, James Britton, said, "With valuation yet to price in the structural growth offered by the business, we see a significant opportunity for BT to take market share in UK broadband – we model share rising from 29.5% currently, to 32% in FY16. In addition to this, UK consumers currently cite speed as their main concern with broadband and with BT having significant exposure here, a move towards higher broadband speeds will likely lead to a pick-up in fibre adoption. With the shares trading on 4.9x ’12 EV/EBITDA vs. the sector on 5.2x, we reiterate our rating."

For an analyst ratings summary and ratings history on BT Group click here. For more ratings news on BT Group click here.

Shares of BT Group closed at $34.26 yesterday.

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