BT Group stock trades at EUR 2.29 as Q2 EBITDA falls 1 percent

Published on 09/29/2026 at 13:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BT Group stock was at EUR 2.29, down 0.87 percent at Lang & Schwarz on September 29, 2026. Adjusted EBITDA fell 1 percent in Q2.

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BT Group stock was trading at EUR 2.29 at Lang & Schwarz on September 29, 2026 at 1:33 p.m. CEST, down 0.87 percent versus the prior close of EUR 2.31. The latest Q2 figures show a mixed operating picture, with flat adjusted revenue but adjusted EBITDA down 1 percent year over year.

Q2 results expose the pressure

According to Morningstar on September 1, 2026, BT's most recent Q2 results included record new full-fibre connections and broadband revenue from fiber exceeding 50 percent for the first time. The improvement in network adoption did not prevent adjusted EBITDA from declining 1 percent year over year.

Openreach recorded 192,000 line losses in Q2, according to Morningstar, which also reported that BT expects the figure to reach 800,000 by year-end. The comparison matters because customer migration from copper to full fiber can support network modernization while still weighing on near-term customer numbers.

Cost control meets valuation

Morningstar senior equity analyst Javier Correonero said lower-than-expected line losses could lift Openreach revenue and EBITDA beyond expectations, while cost control remains central to the investment case. Morningstar also cited a fair value estimate of GBP 2.30 and described the shares as a 4-star stock.

Fidelity identifies BT Group's ordinary shares as BT.A on the London Stock Exchange and confirms ISIN GB0030913577 in its BT Group key statistics. Fidelity listed market capitalization at GBP 19.4 billion on September 25, 2026, while its 52-week range was GBp 173.00 to GBp 242.09.

BT Group stock stays in trading

BT Group stock was trading at EUR 2.29 at Lang & Schwarz on September 29, 2026 at 1:33 p.m. CEST, down 0.87 percent versus the prior close of EUR 2.31. The next valuation test is whether network growth can offset the 192,000 quarterly line losses and the 1 percent adjusted EBITDA decline.