Talktalk Telecom Group PLC (TALK) Receives Average Rating of “Hold” from Brokerages
Talktalk Telecom Group PLC (LON:TALK) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are presently covering the stock. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 236.81 ($2.89).
Several research firms recently issued reports on TALK. Jefferies Group dropped their price objective on Talktalk Telecom Group PLC from GBX 150 ($1.83) to GBX 140 ($1.71) and set an “underperform” rating for the company in a research note on Tuesday, June 21st. Deutsche Bank AG began coverage on Talktalk Telecom Group PLC in a research note on Wednesday, July 6th. They set a “buy” rating and a GBX 300 ($3.66) price objective for the company. JPMorgan Chase & Co. lifted their price objective on Talktalk Telecom Group PLC from GBX 220 ($2.68) to GBX 230 ($2.80) and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Barclays PLC reissued an “overweight” rating and set a GBX 350 ($4.27) price objective on shares of Talktalk Telecom Group PLC in a research note on Wednesday, July 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 260 ($3.17) price objective on shares of Talktalk Telecom Group PLC in a research note on Tuesday, July 19th.
In other news, insider Torrens,Iain acquired 132 shares of the business’s stock in a transaction on Friday, August 12th. The shares were acquired at an average cost of GBX 225 ($2.74) per share, with a total value of £297 ($361.97).
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/19/talktalk-telecom-group-plc-talk-receives-average-rating-of-hold-from-brokerages.html
Talktalk Telecom Group PLC (LON:TALK) traded down 1.61% during midday trading on Wednesday, hitting GBX 207.60. The company’s stock had a trading volume of 1,341,591 shares. Talktalk Telecom Group PLC has a 52-week low of GBX 184.00 and a 52-week high of GBX 295.20. The stock has a 50 day moving average of GBX 205.96 and a 200 day moving average of GBX 226.24. The company’s market cap is GBX 1.96 billion.
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.
Receive News & Ratings for Talktalk Telecom Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talktalk Telecom Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.