Talktalk Telecom Group PLC (TALK) Issues Quarterly Earnings Results
Talktalk Telecom Group PLC (LON:TALK) issued its earnings results on Wednesday. The company reported GBX (0.50) (($0.01)) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 4.20 ($0.06) by GBX (4.70) (($0.06)), Bloomberg Earnings reports. The company had revenue of GBX 8,560 billion during the quarter. Talktalk Telecom Group PLC had a net margin of 4.20% and a return on equity of 49.70%.
Talktalk Telecom Group PLC (LON TALK) opened at GBX 173.40 ($2.28) on Wednesday. Talktalk Telecom Group PLC has a 1-year low of GBX 144.96 ($1.91) and a 1-year high of GBX 220 ($2.89).
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Several brokerages have issued reports on TALK. Deutsche Bank AG restated a “buy” rating and issued a GBX 230 ($3.03) target price on shares of Talktalk Telecom Group PLC in a report on Friday, November 10th. Numis Securities Ltd started coverage on Talktalk Telecom Group PLC in a research note on Tuesday, July 25th. They issued a “reduce” rating and a GBX 150 ($1.97) price target on the stock. Jefferies Group LLC reaffirmed an “underperform” rating and issued a GBX 125 ($1.64) price target on shares of Talktalk Telecom Group PLC in a research note on Wednesday, September 13th. Macquarie reaffirmed an “underperform” rating and issued a GBX 150 ($1.97) price target on shares of Talktalk Telecom Group PLC in a research note on Wednesday, September 6th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 170 ($2.24) price target on shares of Talktalk Telecom Group PLC in a research note on Friday, October 13th. Eleven investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 169.69 ($2.23).
About Talktalk Telecom Group PLC
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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