Oriel Securities Ltd Reiterates Sell Rating for TalkTalk Telecom Group (TALK)
TalkTalk Telecom Group (LON:TALK)‘s stock had its “sell” rating reaffirmed by investment analysts at Oriel Securities Ltd in a note issued to investors on Tuesday, AR Network reports. They currently have a GBX 170 ($2.79) price objective on the stock. Oriel Securities Ltd’s target price indicates a potential downside of 42.97% from the stock’s previous close.
A number of other analysts have also recently weighed in on TALK. Analysts at Barclays raised their price target on shares of TalkTalk Telecom Group from GBX 320 ($5.25) to GBX 350 ($5.74) in a research note on Wednesday, February 5th. They now have an “overweight” rating on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of TalkTalk Telecom Group in a research note on Wednesday, February 5th. They now have a GBX 330 ($5.41) price target on the stock. Finally, analysts at UBS AG raised their price target on shares of TalkTalk Telecom Group from GBX 230 ($3.77) to GBX 235 ($3.86) in a research note on Wednesday, February 5th. They now have a “sell” rating on the stock. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. TalkTalk Telecom Group presently has a consensus rating of “Hold” and a consensus target price of GBX 260.64 ($4.28).
TalkTalk Telecom Group (LON:TALK) traded up 3.86% on Tuesday, hitting GBX 309.60. The stock had a trading volume of 2,282,836 shares. TalkTalk Telecom Group has a 52-week low of GBX 206.80 and a 52-week high of GBX 329.20. The stock’s 50-day moving average is GBX 310.3 and its 200-day moving average is GBX 271.5. The company’s market cap is £2.759 billion.
TalkTalk Telecom Group PLC is a United Kingdom-based company engaged in fixed line voice and broadband telecommunications businesses.
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