TalkTalk Telecom Group Given “Outperform” Rating at Credit Suisse (TALK)
TalkTalk Telecom Group (LON:TALK)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Wednesday, American Banking & Market News reports. They currently have a GBX 300 ($4.94) price objective on the stock. Credit Suisse’s price objective would suggest a potential downside of 6.45% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of TalkTalk Telecom Group in a research note to investors on Thursday, January 23rd. They now have a GBX 320 ($5.27) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of TalkTalk Telecom Group in a research note to investors on Wednesday, January 22nd. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of TalkTalk Telecom Group from GBX 350 ($5.77) to GBX 360 ($5.93) in a research note to investors on Wednesday, January 22nd. They now have an “overweight” rating on the stock. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. TalkTalk Telecom Group presently has an average rating of “Hold” and a consensus target price of GBX 262.41 ($4.32).
Shares of TalkTalk Telecom Group (LON:TALK) traded up 0.79% during mid-day trading on Wednesday, hitting GBX 320.70. The stock had a trading volume of 932,578 shares. TalkTalk Telecom Group has a 52-week low of GBX 206.80 and a 52-week high of GBX 329.20. The stock has a 50-day moving average of GBX 305.1 and a 200-day moving average of GBX 267.3. The company’s market cap is £2.857 billion.
TalkTalk Telecom Group PLC is engaged in fixed line voice and broadband telecommunications businesses in the United Kingdom.
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