Credit Suisse Reiterates Outperform Rating for Talktalk Telecom Group PLC (TALK)
Talktalk Telecom Group PLC (LON:TALK)‘s stock had its “outperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Tuesday. They currently have a GBX 300 ($5.11) price target on the stock. Credit Suisse’s price objective points to a potential downside of 6.54% from the stock’s previous close.
Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 320.50 on Tuesday. Talktalk Telecom Group PLC has a one year low of GBX 213.40 and a one year high of GBX 329.20. The stock has a 50-day moving average of GBX 310.9 and a 200-day moving average of GBX 307.8. The company’s market cap is £2.920 billion.
The company also recently declared a dividend, which is scheduled for Friday, August 1st. Shareholders of record on Wednesday, July 2nd will be given a dividend of GBX 8 ($0.14) per share. This represents a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, July 2nd.
A number of other analysts have also recently weighed in on TALK. Analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of Talktalk Telecom Group PLC in a research note on Thursday, June 19th. They now have a GBX 170 ($2.89) price target on the stock. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Talktalk Telecom Group PLC in a research note on Wednesday, June 4th. They now have a GBX 310 ($5.28) price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Talktalk Telecom Group PLC from GBX 365 ($6.21) to GBX 450 ($7.66) in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 299.71 ($5.10).
TalkTalk Telecom Group PLC is a United Kingdom-based company engaged in fixed line voice and broadband telecommunications businesses.
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