New Street Research - British Telecom (BT) New Street: BT (Buy, 180p, +59%) Why did we take it off our Top Pick list?

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New Street Research

James Ratzer

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New Street: BT (Buy, 180p, +59%) Why did we take it off our Top Pick list?

We recently published our 2023 outlook and Top Picks for European Telecoms (HERE), and in that note we took BT off our top pick list. In this note, we go into that decision in a bit more detail.

22/12/2022 1 EN

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British Telecom

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
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Global healthcare thematic research

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Pan European Telecom Services and Cable

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Analysts

James Ratzer

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New Street: BT (Buy, 180p, +59%) Why did we take it off our Top Pick list?

BT (Buy, 265p, +47%) Was 240p Upside beyond the mythical £3bn FCF target

BT (Buy, £2.40, +46%) Dig a bit deeper and it is better than the headlines

BT (Buy, £2.40, +45%) TNT Sports exit - what are the financial implications?

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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