Talktalk Telecom Group PLC’s Buy Rating Reaffirmed at Espirito Santo Investment Bank Research (TALK)
Talktalk Telecom Group PLC (LON:TALK)‘s stock had its “buy” rating reaffirmed by Espirito Santo Investment Bank Research in a research note issued on Thursday, American Banking News.com reports. They currently have a GBX 395 ($6.65) target price on the stock. Espirito Santo Investment Bank Research’s price target points to a potential upside of 38.94% from the stock’s previous close.
Talktalk Telecom Group PLC (LON:TALK) traded down 2.44% on Thursday, hitting GBX 284.30. The stock had a trading volume of 2,361,306 shares. Talktalk Telecom Group PLC has a 1-year low of GBX 213.40 and a 1-year high of GBX 329.20. The stock has a 50-day moving average of GBX 299.6 and a 200-day moving average of GBX 297.8. The company’s market cap is £2.533 billion.
The company also recently announced a dividend, which is scheduled for Friday, August 1st. Shareholders of record on Wednesday, July 2nd will be paid a dividend of GBX 8 ($0.13) per share. This represents a dividend yield of 2.81%. The ex-dividend date is Wednesday, July 2nd.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank upgraded shares of Talktalk Telecom Group PLC to a “hold” rating in a research note on Friday, May 2nd. They now have a GBX 220 ($3.71) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Talktalk Telecom Group PLC in a research note on Wednesday, April 30th. They now have a GBX 260 ($4.38) price target on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Talktalk Telecom Group PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 279.27 ($4.70).
TalkTalk Telecom Group PLC is a United Kingdom-based company engaged in fixed line voice and broadband telecommunications businesses.
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