HSBC analysts have rated BT shares a ‘buy’ as the telecoms stock continues to recover from a period of poor performance.
The BT share price is now over 60% higher than the lowest levels of 2024 after the group’s Q3 results in January revealed a glimmer of hope for investors.
However, HSBC analysts believe the stock has further to run.
Although BT reported falling revenues in the nine months to 31st December, HSBC analysts draw attention to a key metric behind their buy rating.
A reversal in this key metric would signify a turnaround in one of the leading drivers of BT shares decli...
