Talktalk Telecom Group PLC (TALK) Receives Outperform Rating from Macquarie
Talktalk Telecom Group PLC (LON:TALK)‘s stock had its “outperform” rating reiterated by equities research analysts at Macquarie in a report issued on Wednesday. They presently have a GBX 290 ($3.62) target price on the stock. Macquarie’s target price suggests a potential upside of 76.83% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Credit Suisse Group AG reissued 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. Haitong Bank reissued 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. Barclays PLC reissued an “overweight” rating and set a GBX 350 ($4.37) target price on shares of Talktalk Telecom Group PLC in a research report on Tuesday, October 4th. Deutsche Bank AG reissued a “buy” rating and set a GBX 300 ($3.75) target price on shares of Talktalk Telecom Group PLC in a research report on Monday, November 14th. Finally, Jefferies Group reissued an “underperform” rating and set a GBX 140 ($1.75) target price on shares of Talktalk Telecom Group PLC in a research report on Wednesday, October 26th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 233.06 ($2.91).
Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 164.00 on Wednesday. The stock’s 50 day moving average is GBX 202.83 and its 200 day moving average is GBX 217.35. The company’s market capitalization is GBX 1.55 billion. Talktalk Telecom Group PLC has a 12 month low of GBX 159.30 and a 12 month high of GBX 280.18.
The firm also recently announced a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 24th will be given a GBX 5.29 ($0.07) dividend. This represents a dividend yield of 2.78%. The ex-dividend date is Thursday, November 24th.
In other news, insider Tristia Harrison sold 116,152 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of GBX 190 ($2.37), for a total value of £220,688.80 ($275,723.14).
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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.
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