Talktalk Telecom Group PLC (TALK) Receives Average Rating of “Hold” from Brokerages
Shares of Talktalk Telecom Group PLC (LON:TALK) have been given an average rating of “Hold” by the eighteen analysts that are covering the company. Five investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 236.81 ($2.89).
A number of analysts have recently weighed in on the company. Barclays PLC restated an “overweight” rating on shares of Talktalk Telecom Group PLC in a research note on Wednesday, August 17th. Haitong Bank reiterated a “sell” rating and issued a GBX 150 ($1.83) price target on shares of Talktalk Telecom Group PLC in a report on Wednesday, July 20th. JPMorgan Chase & Co. raised their price target on Talktalk Telecom Group PLC from GBX 220 ($2.68) to GBX 230 ($2.80) and gave the company a “neutral” rating in a report on Wednesday, July 13th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 260 ($3.17) price target on shares of Talktalk Telecom Group PLC in a report on Wednesday, August 10th. Finally, Macquarie decreased their price target on Talktalk Telecom Group PLC from GBX 300 ($3.66) to GBX 290 ($3.53) and set an “outperform” rating on the stock in a report on Monday, October 10th.
Shares of Talktalk Telecom Group PLC (LON:TALK) traded down 1.61% during trading on Wednesday, hitting GBX 207.60. The stock had a trading volume of 1,341,591 shares. The company’s market capitalization is GBX 1.96 billion. The firm has a 50 day moving average of GBX 205.96 and a 200 day moving average of GBX 226.24. Talktalk Telecom Group PLC has a 1-year low of GBX 184.00 and a 1-year high of GBX 295.20.
In related news, insider Torrens,Iain purchased 132 shares of the stock in a transaction on Friday, August 12th. The shares were purchased at an average price of GBX 225 ($2.74) per share, with a total value of £297 ($361.97).
About Talktalk Telecom Group PLC
TalkTalk Telecom Group PLC is a United Kingdom-based provider of fixed line broadband, voice telephony, mobile and television services. The Company serves approximately four million residential and business customers under the TalkTalk and TalkTalk Business brands. The Company, through blinkbox Entertainment Limited (blinkbox), provides multi-device, multi-platform video content.
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