<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/01/bt-group.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/01/bt-group.jpeg"/></p>
<p>BT 集团的股价持续承压，即使 FTSE 100 指数已跃升至历史新高。在过去六个月中，BT 股价下跌了 4%，而 FTSE 100 则上涨了 14%。本文探讨了今年的预期。</p>
<h2>BT 集团股价技术分析</h2>
<p>日线图显示，BT 股票价格在过去几个月中有所回落。从去年八月的 215 便士高点下跌至目前的 179 便士。</p>
<p>该股票已跌破 50 日和 100 日指数移动平均线（EMA）。跌破这些平均线是空头占优的迹象。</p>
<p>最重要的是，它形成了一个上升通道，自 11 月 25 日以来，该通道的水平测试了关键的支撑和阻力水平。这个通道是看跌旗形模式形成的一部分，这是一个常见的看跌延续信号。</p>
<p>它仍然低于超级趋势指标，这是技术分析中最常见的看跌图表之一。因此，最可能的情景是出现看跌突破，初始目标为 170.70 便士，这是 11 月的最低点。跌破该价格将指向更大的下行空间，可能达到极度超卖水平 162.5 便士。</p>
<p>另一方面，若股价突破通道上方的 187 便士，将会使看跌前景失效，并指向更多的上涨，可能达到 200 便士的主要支撑/阻力枢轴点。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/BT-share-price-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/BT-share-price-1024x579.png"/></p>
<p>BT 股价图表 | 来源：TradingView</p>
<h2>BT 面临重大阻力</h2>
<p>BT 集团正在取得重大里程碑，因为管理层继续扭转其业务。其中一种方法是退出其国际业务，这将帮助其重新聚焦于英国市场。</p>
<p>本周，BT 继续这一进程，出售了一个为美国联邦机构服务的专业单位给 22nd Century Technologies。该交易将帮助公司专注于英国，并使 BT 国际作为一个独立单位运营。</p>
<p>公司还在削减成本，这一过程将在未来几年加速。它已裁员，管理层预计未来的员工人数将大幅减少。因此，今年上半年的成本下降了 3%，降至 83 亿英镑。</p>
<p>此外，随着 Openreach 的解决方案在全国大部分地区的普及，资本支出将继续下降。</p>
<p>另一方面，BT 集团的财务数据显示，随着竞争加剧，其业务不再增长。今年上半年，收入因其传统业务持续疲软而下降了 3%。</p>
<p>该国的服务收入下降了 1%，因为传统语音业务与零售价格的疲软相吻合。公司的税前利润也下降了 11%，降至 8.62 亿英镑。</p>
<p>城市分析师预计公司的业务将继续放缓。分析师的平均预期是，公司的年度收入在 2026 财年将为 198.2 亿英镑，低于去年 20.3 亿英镑。他们还预计在接下来的两个财年中，收入将下降至 190 亿英镑和 196 亿英镑。</p>
<p>BT 集团股价预测 2026：面临更高风险的文章首次出现在 Invezz 上。</p>

BT.A

<p>BT 集团的股价面临压力，在六个月内下跌了 4%，而 FTSE 100 指数上涨了 14%。该股票目前的价格为 179 便士，低于关键移动平均线，显示出看跌趋势。分析师预测股价将进一步下跌，预计 2026 财年的收入将降至 198.2 亿英镑。公司正重新聚焦于英国市场，削减成本，并已出售一个部门以简化运营。尽管采取了这些措施，竞争和传统业务的弱点仍继续影响财务表现</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/01/bt-group.jpeg" alt="" original-src="https://invezz.com/wp-content/uploads/2024/01/bt-group.jpeg"/></p>
<p>BT Group share price has remained under pressure, even as the FTSE 100 Index has jumped to a record high. It has dropped by 4% in the last six months, while the Footsie has jumped by 14%. This article explores what to expect this year.</p>
<div class="lb-trans"><p>BT 集团的股价持续承压，即使 FTSE 100 指数已跃升至历史新高。在过去六个月中，BT 股价下跌了 4%，而 FTSE 100 则上涨了 14%。本文探讨了今年的预期。</p>
</div><h2>BT Group share price technical analysis</h2>
<div class="lb-trans"><h2>BT 集团股价技术分析</h2>
</div><p>The daily timeframe chart shows that the BT stock price has pulled back in the past few months. It has dropped from a high of 215p in August last year to the current 179p.</p>
<div class="lb-trans"><p>日线图显示，BT 股票价格在过去几个月中有所回落。从去年八月的 215 便士高点下跌至目前的 179 便士。</p>
</div><p>The stock has moved below the 50-day and 100-day Exponential Moving Averages (EMA). Dropping below these averages is a sign that bears have prevailed.</p>
<div class="lb-trans"><p>该股票已跌破 50 日和 100 日指数移动平均线（EMA）。跌破这些平均线是空头占优的迹象。</p>
</div><p>Most importantly, it has formed an ascending channel whose levels test the key support and resistance levels since November 25. This channel is part of the formation of the bearish flag pattern, a common bearish continuation sign.</p>
<div class="lb-trans"><p>最重要的是，它形成了一个上升通道，自 11 月 25 日以来，该通道的水平测试了关键的支撑和阻力水平。这个通道是看跌旗形模式形成的一部分，这是一个常见的看跌延续信号。</p>
</div><p>It also remains below the Supertrend indicator, one of the most common bearish charts in technical analysis. Therefore, the most likely scenario is where it makes a bearish breakout, with the initial target being at 170.70, its lowest point in November. A drop below that price will point to more downside, potentially to the extreme oversold level at 162.5p.</p>
<div class="lb-trans"><p>它仍然低于超级趋势指标，这是技术分析中最常见的看跌图表之一。因此，最可能的情景是出现看跌突破，初始目标为 170.70 便士，这是 11 月的最低点。跌破该价格将指向更大的下行空间，可能达到极度超卖水平 162.5 便士。</p>
</div><p>On the flip side, a move above the upper side of the channel at 187p will invalidate the bearish outlook and point to more gains, potentially to the Major S/R Pivot Point at 200p.</p>
<div class="lb-trans"><p>另一方面，若股价突破通道上方的 187 便士，将会使看跌前景失效，并指向更多的上涨，可能达到 200 便士的主要支撑/阻力枢轴点。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/BT-share-price-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2026/01/BT-share-price-1024x579.png"/></p>
<p>BT share price chart | Source: TradingView</p>
<div class="lb-trans"><p>BT 股价图表 | 来源：TradingView</p>
</div><h2>BT faces major headwinds</h2>
<div class="lb-trans"><h2>BT 面临重大阻力</h2>
</div><p>BT Group is making major milestones as the management continues to turn around its business. One of the approaches is to exit its international business, which will help it to refocus on the UK.</p>
<div class="lb-trans"><p>BT 集团正在取得重大里程碑，因为管理层继续扭转其业务。其中一种方法是退出其国际业务，这将帮助其重新聚焦于英国市场。</p>
</div><p>BT continued this process this week when it sold a specialized unit serving US federal institutions to 22nd Century Technologies. The deal will help the company focus on the UK and for BT International to operate as an independent unit.</p>
<div class="lb-trans"><p>本周，BT 继续这一进程，出售了一个为美国联邦机构服务的专业单位给 22nd Century Technologies。该交易将帮助公司专注于英国，并使 BT 国际作为一个独立单位运营。</p>
</div><p>The company is also cutting costs, a process that will accelerate in the coming years. It has laid off workers, and the management expects that its workforce will be much lower in the future. As a result, costs in the year’s first half dropped by 3% to £8.3 billion.</p>
<div class="lb-trans"><p>公司还在削减成本，这一过程将在未来几年加速。它已裁员，管理层预计未来的员工人数将大幅减少。因此，今年上半年的成本下降了 3%，降至 83 亿英镑。</p>
</div><p>Additionally, capital expenditure will continue falling over time now that Openreach’s solutions are in most parts of the country.</p>
<div class="lb-trans"><p>此外，随着 Openreach 的解决方案在全国大部分地区的普及，资本支出将继续下降。</p>
</div><p>On the other hand, BT Group’s finances show that its business is no longer growing as competition rises. Revenue dropped by 3% in the year’s first half because of the ongoing weakness in its legacy business.</p>
<div class="lb-trans"><p>另一方面，BT 集团的财务数据显示，随着竞争加剧，其业务不再增长。今年上半年，收入因其传统业务持续疲软而下降了 3%。</p>
</div><p>Service revenue in the country fell by 1% as the legacy voice business coincided with the softer retail pricing. The company’s profit before tax also declined by 11% to £862 million.</p>
<div class="lb-trans"><p>该国的服务收入下降了 1%，因为传统语音业务与零售价格的疲软相吻合。公司的税前利润也下降了 11%，降至 8.62 亿英镑。</p>
</div><p>City analysts expect that the company’s business to continue slowing down. The average estimate among analysts is that the company’s annual revenue in the FY’26 will be £19.82 billion, down from £20.3 billion a year earlier. They also expect the revenue to drop to £19 billion and £19.6 billion in the next two financial years.</p>
<div class="lb-trans"><p>城市分析师预计公司的业务将继续放缓。分析师的平均预期是，公司的年度收入在 2026 财年将为 198.2 亿英镑，低于去年 20.3 亿英镑。他们还预计在接下来的两个财年中，收入将下降至 190 亿英镑和 196 亿英镑。</p>
</div><p>The post BT Group share price forecast 2026: faces elevated risks appeared first on Invezz</p>
<div class="lb-trans"><p>BT 集团股价预测 2026：面临更高风险的文章首次出现在 Invezz 上。</p>
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BT 集团 2026 年股价预测：面临较高风险