Talktalk Telecom Group PLC Receives Neutral Rating from Macquarie (TALK)
Talktalk Telecom Group PLC (LON:TALK)‘s stock had its “neutral” rating reaffirmed by investment analysts at Macquarie in a note issued to investors on Wednesday. They currently have a GBX 310 ($5.20) target price on the stock. Macquarie’s price objective would indicate a potential downside of 3.28% from the stock’s previous close.
A number of other analysts have also recently weighed in on TALK. Analysts at Goldman Sachs raised their price target on shares of Talktalk Telecom Group PLC from GBX 365 ($6.12) to GBX 450 ($7.54) in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock. Separately, analysts at Berenberg Bank reiterated a “hold” rating on shares of Talktalk Telecom Group PLC in a research note on Tuesday, May 27th. They now have a GBX 240 ($4.02) price target on the stock. Finally, analysts at Berenberg Bank raised their price target on shares of Talktalk Telecom Group PLC from GBX 220 ($3.69) to GBX 240 ($4.02) in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 289.93 ($4.86).
Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 322.00 on Wednesday. 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 298.8 and a 200-day moving average of GBX 302.4. The company’s market cap is £2.933 billion.
The company also recently announced a dividend, which is scheduled for Friday, August 1st. Stockholders 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.
TalkTalk Telecom Group PLC is a United Kingdom-based company engaged in fixed line voice and broadband telecommunications businesses.
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