Talktalk Telecom Group PLC Rating Reiterated by Berenberg Bank (TALK)
Talktalk Telecom Group PLC (LON:TALK)‘s stock had its “sell” rating reaffirmed by stock analysts at Berenberg Bank in a report issued on Thursday, American Banking & Market News reports. They currently have a GBX 200 ($3.35) price objective on the stock. Berenberg Bank’s target price points to a potential downside of 36.85% from the stock’s previous close.
Shares of Talktalk Telecom Group PLC (LON:TALK) traded down 0.88% on Thursday, hitting GBX 316.70. 1,617,319 shares of the company’s stock traded hands. Talktalk Telecom Group PLC has a one year low of GBX 206.80 and a one year high of GBX 329.20. The stock has a 50-day moving average of GBX 313.0 and a 200-day moving average of GBX 275.5. The company’s market cap is £2.822 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Talktalk Telecom Group PLC in a research note on Monday, February 17th. They now have a GBX 320 ($5.36) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Talktalk Telecom Group PLC in a research note on Tuesday, February 11th. They now have a GBX 170 ($2.85) price target on the stock. Finally, analysts at Barclays raised their price target on shares of Talktalk Telecom Group PLC from GBX 320 ($5.36) to GBX 350 ($5.87) in a research note on Wednesday, February 5th. They now have an “overweight” rating on the stock. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 260.64 ($4.37).
TalkTalk Telecom Group PLC is a United Kingdom-based company engaged in fixed line voice and broadband telecommunications businesses.
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