BT Group (LON:BT.A) Sets New 52-Week High – Time to Buy?

Shares of BT Group plc (LON:BT.A) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 161.10 ($2.04) and last traded at GBX 160.50 ($2.03), with a volume of 11156465 shares. The stock had previously closed at GBX 159.83 ($2.03).

BT Group Price Performance

The company has a debt-to-equity ratio of 187.58, a current ratio of 0.89 and a quick ratio of 0.83. The firm has a market capitalization of £15.30 billion, a P/E ratio of 1,741.11, a PEG ratio of 0.38 and a beta of 0.69. The company’s 50 day moving average price is GBX 146.18 and its 200 day moving average price is GBX 141.17.

Insiders Place Their Bets

In related news, insider Tushar Morzaria bought 35,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of GBX 136 ($1.72) per share, for a total transaction of £47,600 ($60,314.24). Company insiders own 43.86% of the company’s stock.

BT Group Company Profile

BT Group plc provides communications services worldwide. Its Consumer segment sells telephones, baby monitors, and Wi-Fi extenders through high street retailers, online BT Shop, and Website BT.com; and offers home phone, copper and fiber broadband, TV, and mobile services in various packages. The company's EE segment offers 2G, 3G, and 4G mobile network services; broadband, fixed-voice, and TV services; and postpaid and prepaid plans, and emergency services network.