- BT Group (NYSE:BT) is up 5.5% out of the open after a boost to Buy at Berenberg, which sees clarity on its investment case ahead amid major reviews.
- Drag will be reduced after regulator Ofcom completes its wholesale local access review, the firm argues, and currently sentiment toward telecom firms is "terrible." (h/t Bloomberg)
- The company can benefit in a rising interest-rate environment that could shrink its pension deficit, and Berenberg sees scope for a return to revenue, EBITDA and free cash flow growth in 2019/2020.
- BT ADRs have declined 17.7% on NYSE over the past 12 months.