Bharti Televentures Increases Stake in BT Group

TipRanks Cyber Monday Sale Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence. Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off BT Group plc ( ($GB:BT.A) ) has provided an announcement. BT Group plc announced a significant transaction involving Bharti Televentures UK Limited, a company closely associated with Mr. Sunil Bharti Mittal, a non-independent non-executive director of BT Group. Bharti Televentures UK Limited purchased a total of 4,900,000 ordinary shares in BT Group, increasing its holding to approximately 24.95% of the total voting rights. This acquisition, executed over two days, reflects a strategic move that could potentially influence BT Group’s market positioning and shareholder dynamics. The most recent analyst rating on ($GB:BT.A) stock is a Hold with a £195.00 price target. To see the full list of analyst forecasts on BT Group plc stock, see the GB:BT.A Stock Forecast page. Spark’s Take on GB:BT.A Stock According to Spark, TipRanks’ AI Analyst, GB:BT.A is a Neutral. BT Group’s overall stock score is driven by solid financial performance and positive corporate events, which are offset by technical analysis indicating weak momentum. The earnings call provided positive guidance, supporting the company’s strategic initiatives. Valuation metrics suggest fair pricing with an attractive dividend yield. To see Spark’s full report on GB:BT.A stock, click here. More about BT Group plc Average Trading Volume: 18,944,196 Technical Sentiment Signal: Buy Current Market Cap: £17.33B Find detailed analytics on BT.A stock on TipRanks’ Stock Analysis page.