Talktalk Telecom Group PLC (LON:TALK) had its price target reduced by research analysts at Societe Generale from GBX 185 ($2.31) to GBX 130 ($1.62) in a research report issued to clients and investors on Wednesday. The firm presently has a “sell” rating on the stock. Societe Generale’s target price indicates a potential downside of 20.73% from the company’s previous close.

A number of other brokerages have also issued reports on TALK. Haitong Bank reaffirmed a “sell” rating and set a GBX 150 ($1.87) target price on shares of Talktalk Telecom Group PLC in a research report on Tuesday, July 26th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 260 ($3.25) target price on shares of Talktalk Telecom Group PLC in a research report on Wednesday, August 10th. Barclays PLC reaffirmed an “overweight” rating on shares of Talktalk Telecom Group PLC in a research report on Wednesday, August 17th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 300 ($3.75) target price on shares of Talktalk Telecom Group PLC in a research report on Tuesday, September 6th. Finally, Macquarie dropped their target price on shares of Talktalk Telecom Group PLC from GBX 300 ($3.75) to GBX 290 ($3.62) and set an “outperform” rating on the stock in a research report on Monday, October 10th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 229.63 ($2.87).

Analyst Recommendations for Talktalk Telecom Group PLC (LON:TALK)

Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 163.20 on Wednesday. Talktalk Telecom Group PLC has a 12 month low of GBX 159.30 and a 12 month high of GBX 280.18. The company has a 50-day moving average of GBX 202.83 and a 200 day moving average of GBX 217.35. The company’s market capitalization is GBX 1.55 billion.

The company also recently announced a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 24th will be issued a dividend of GBX 5.29 ($0.07) per share. This represents a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, November 24th.

In other news, insider Tristia Harrison sold 116,152 shares of Talktalk Telecom Group PLC stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of GBX 190 ($2.37), for a total transaction of £220,688.80 ($275,723.14).

COPYRIGHT VIOLATION NOTICE: “Societe Generale Trims Talktalk Telecom Group PLC (TALK) Target Price to GBX 130” was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2016/11/23/societe-generale-trims-talktalk-telecom-group-plc-talk-target-price-to-gbx-130.html.

Talktalk Telecom Group PLC Company Profile

TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.

Receive News & Stock Ratings for Talktalk Telecom Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talktalk Telecom Group PLC and related stocks with our FREE daily email newsletter.