BT Group PLC
BT.A: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 488.00 | Pplgvw | Pzgwfnm |
BT Continues to Move Forward With Its Fiber Plans, but a Long Road Remains Ahead
Business Strategy and Outlook
We believe BT’s Openreach unit is well positioned to widely deploy fiber across the United Kingdom due to its broad geographic reach and deep wholesale relationships. We expect the firm will need several years to rebuild its network and re-establish it business, however. A massive pension obligation creates additional uncertainty for BT shareholders.