Report
Allan C. Nichols
EUR 100.00 For Business Accounts Only

BT Reports In-Line 2Q Results; Firm Continues to Increase EBITDA; Shares Undervalued

BT reported in-line fiscal second-quarter results, and we expect to maintain our GBX 360 per local share fair value estimate and narrow moat rating. Despite the local shares being up over 8% on the news, we believe the stock remains significantly undervalued. The firm reported revenue fell 2% year over year versus our full-year projection of a decline of 1.9%.
Once again, the consumer sector, which generates about 45% of net firmwide revenue, is driving revenue growth. We were particularly plea...
Underlying
BT Group PLC ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Allan C. Nichols

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