TalkTalk Telecom Group’s Sell Rating Reaffirmed at Citigroup Inc. (TALK)
TalkTalk Telecom Group (LON:TALK)‘s stock had its “sell” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Thursday, American Banking News reports. They currently have a GBX 200 ($3.20) target price on the stock. Citigroup Inc.’s target price would indicate a potential downside of 17.76% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of TalkTalk Telecom Group (LON:TALK) in a research note to investors on Thursday, September 12th. They now have a GBX 235 ($3.76) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of TalkTalk Telecom Group (LON:TALK) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, September 3rd. They now have a GBX 300 ($4.81) price target on the stock, up previously from GBX 225 ($3.60). Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of TalkTalk Telecom Group (LON:TALK) in a research note to investors on Thursday, August 15th. They now have a GBX 300 ($4.81) price target on the stock. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 253.75 ($4.06).
TalkTalk Telecom Group (LON:TALK) traded down 1.90% during mid-day trading on Thursday, hitting GBX 243.20. 1,754,201 shares of the company’s stock traded hands. TalkTalk Telecom Group has a 52-week low of GBX 174.40 and a 52-week high of GBX 277.50. The stock has a 50-day moving average of GBX 248.9 and a 200-day moving average of GBX 245.7. The company’s market cap is £2.169 billion.
TalkTalk Telecom Group PLC is engaged in fixed line voice and broadband telecommunications businesses in the United Kingdom.
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