Where could the BT share price go in the next 12 months? Check out the latest forecasts
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The BT (LSE: BT) share price has had a bumper week. It’s jumped an impressive 8.67% at a time when the FTSE 100 as a whole bumbled up just 0.71%.
It isn’t hard to see why. That’s down to the news that Indian telecoms conglomerate Bharti Global, co-founded by Sunil Bharti Mittal in 1976, has just completed the acquisition of a 24.5% stake in BT from France’s Altice.
Markets knew an agreement had been reached in August, but were happy to see it complete. As CEO Allison Kirkby put it over the summer, this “is a great vote of confidence in the future of BT Group and our strategy”.
Can this FTSE 100 stock continue to recover?
It certainly is. I spent the last year wondering…
