Barclays PLC Reiterates Overweight Rating for Talktalk Telecom Group PLC (TALK)
Talktalk Telecom Group PLC (LON:TALK)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays PLC in a note issued to investors on Tuesday. They currently have a GBX 350 ($4.57) target price on the stock. Barclays PLC’s target price points to a potential upside of 62.19% from the company’s previous close.
TALK has been the subject of several other reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 260 ($3.39) target price on shares of Talktalk Telecom Group PLC in a research report on Tuesday, July 19th. Haitong Bank reiterated a “sell” rating and issued a GBX 150 ($1.96) target price on shares of Talktalk Telecom Group PLC in a research report on Thursday, September 15th. Deutsche Bank AG reiterated a “buy” rating on shares of Talktalk Telecom Group PLC in a research report on Tuesday, October 4th. Jefferies Group dropped their target price on Talktalk Telecom Group PLC from GBX 150 ($1.96) to GBX 140 ($1.83) and set an “underperform” rating for the company in a research report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 230 ($3.00) target price on shares of Talktalk Telecom Group PLC in a research report on Thursday, July 21st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 246.50 ($3.22).
Shares of Talktalk Telecom Group PLC (LON:TALK) traded up 2.03% during trading on Tuesday, hitting GBX 215.78. The company had a trading volume of 2,355,974 shares. Talktalk Telecom Group PLC has a 12-month low of GBX 184.00 and a 12-month high of GBX 319.50. The stock has a 50-day moving average of GBX 206.56 and a 200 day moving average of GBX 227.58. The stock’s market capitalization is GBX 2062.03 billion.
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In related news, insider Torrens,Iain bought 132 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average price of GBX 225 ($2.94) per share, with a total value of £297 ($387.68).
About Talktalk Telecom Group PLC
TalkTalk Telecom Group PLC is a United Kingdom-based provider of fixed line broadband, voice telephony, mobile and television services. The Company serves approximately four million residential and business customers under the TalkTalk and TalkTalk Business brands. The Company, through blinkbox Entertainment Limited (blinkbox), provides multi-device, multi-platform video content.
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