BT Group PLC
BT.A: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 513.00 | Qnwgglk | Qfpjlwny |
BT’s Confidence Continues to Grow as Fiber Construction Accelerates
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.