Talktalk Telecom Group (TALK) Price Target Lowered to GBX 120 at Morgan Stanley
Talktalk Telecom Group (LON:TALK) had its price target dropped by equities researchers at Morgan Stanley from GBX 170 ($2.35) to GBX 120 ($1.66) in a research report issued to clients and investors on Tuesday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 12.57% from the stock’s previous close.
Other analysts have also issued research reports about the company. Deutsche Bank reiterated a “buy” rating and set a GBX 230 ($3.18) target price on shares of Talktalk Telecom Group in a report on Friday, November 24th. Barclays reissued an “equal weight” rating and set a GBX 170 ($2.35) price target on shares of Talktalk Telecom Group in a research report on Friday, January 19th. Royal Bank of Canada raised Talktalk Telecom Group to an “outperform” rating and lowered their price target for the stock from GBX 190 ($2.63) to GBX 150 ($2.07) in a research report on Thursday, February 1st. Numis Securities lowered their price target on Talktalk Telecom Group from GBX 150 ($2.07) to GBX 120 ($1.66) and set a “reduce” rating on the stock in a research report on Thursday, November 30th. Finally, Citigroup lowered their price target on Talktalk Telecom Group from GBX 180 ($2.49) to GBX 150 ($2.07) and set a “sell” rating on the stock in a research report on Monday, November 20th. Eight research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Talktalk Telecom Group currently has an average rating of “Hold” and a consensus target price of GBX 141.33 ($1.95).
Shares of Talktalk Telecom Group (LON TALK) opened at GBX 106.60 ($1.47) on Tuesday. Talktalk Telecom Group has a twelve month low of GBX 98.65 ($1.36) and a twelve month high of GBX 220 ($3.04). The stock has a market capitalization of $1,020.00 and a PE ratio of -2,665.00.
In other Talktalk Telecom Group news, insider Charles W. Dunstone purchased 32,710,280 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of GBX 107 ($1.48) per share, with a total value of £34,999,999.60 ($48,355,898.87).
Talktalk Telecom Group 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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