BT Group (NYSE:BT) to Purchase Some ESPN Football Rights – BT, TEF, VOD, FTE

The Financial Times posted on Sunday on its website without mentioning its sources that BT Group plc (ADR) (NYSE:BT) is in discussion to acquire over sports broadcaster ESPN’s football rights, which cover few matches from the German Bundesliga, the Europa League and the English FA Cup.

The report further confirmed that ESPN, majority owned by The Walt Disney Company (NYSE:DIS), is mulling over an exit from the United Kingdom, while U.K. telecommunications operator BT has plans to roll out around 3 channels to broadcast football, rugby and other sports content it has previously bought at an amount of around 1 billion pounds or $1.6 billion.

Financial Times also added that British Sky Broadcasting Group PLC is also concerned about ESPN’s football rights.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Telefonica S.A. (ADR) (NYSE:TEF) fell -2.72% to settle at $12.86, Vodafone Group Plc (ADR) (NASDAQ:VOD) moved down -0.38% to end at $25.95 while France Telecom SA (ADR) (NYSE:FTE) dropped -1.74% to finish at $10.19 on Friday.

BT Group plc (ADR) (NYSE:BT) on Feb 15, 2013 increased +0.80% to the closing price of $42.60. The overall volume in the last trading session was 92,266 shares. Its fifty two weeks range was $30.92 – $43.22. The total market capitalization remained at $33.55 billion.

BT is ahead of its 52-week low with 43.17% and lagging behind from its 52-week high price with -1.43%. BT’s last month’s stock price volatility remained 0.90%. In its share capital BT has 787.66 million outstanding shares, among them 785.21 million shares have been floated in market exchange. BT’s stock’s institutional ownership remained 1.34%.

The stock price of BT is moving forward from its 20 days moving average with 4.49% and remote positively from 50 days moving average with 8.49%. BT’s current year’s earnings per share experienced an addition with 31.91% while its current quarter performance remained at 22.13%. Company’s beta coefficient included 1.28. Beta factors measure the amount of market risk associated with market trade.

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