Insider Buying: Talktalk Telecom Group PLC (LON:TALK) Insider Acquires £3,120,000 in Stock
Talktalk Telecom Group PLC (LON:TALK) insider Charles W. Dunstone acquired 3,000,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of GBX 104 ($1.36) per share, with a total value of £3,120,000 ($4,076,832.61).
Shares of Talktalk Telecom Group stock opened at GBX 109.70 ($1.43) on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 294.44. The company has a fifty day simple moving average of GBX 103.98 and a 200-day simple moving average of GBX 110.92. The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 39.18. Talktalk Telecom Group PLC has a 12-month low of GBX 91.65 ($1.20) and a 12-month high of GBX 140.10 ($1.83).
A number of brokerages recently commented on TALK. Deutsche Bank reiterated a “buy” rating on shares of Talktalk Telecom Group in a research note on Thursday, July 18th. Morgan Stanley restated an “equal weight” rating on shares of Talktalk Telecom Group in a research note on Monday, July 15th. UBS Group reaffirmed a “neutral” rating and set a GBX 110 ($1.44) price target (down from GBX 120 ($1.57)) on shares of Talktalk Telecom Group in a report on Thursday, June 20th. Barclays reaffirmed an “overweight” rating on shares of Talktalk Telecom Group in a research report on Thursday, July 18th. Finally, Numis Securities reiterated a “sell” rating and issued a GBX 70 ($0.91) price objective on shares of Talktalk Telecom Group in a report on Friday, May 24th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 117.63 ($1.54).
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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