Talktalk Telecom Group PLC (TALK) Downgraded to Sell at Goldman Sachs Group Inc
Talktalk Telecom Group PLC (LON:TALK) was downgraded by analysts at Goldman Sachs Group Inc to a “sell” rating in a research note issued on Wednesday. They presently have a GBX 150 ($1.95) price target on the stock, down from their prior price target of GBX 190 ($2.47). Goldman Sachs Group Inc’s price objective would indicate a potential downside of 15.25% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. HSBC Holdings plc upgraded shares of Talktalk Telecom Group PLC to a “buy” rating and boosted their target price for the company from GBX 175 ($2.28) to GBX 250 ($3.25) in a report on Friday, April 21st. Royal Bank of Canada dropped their target price on shares of Talktalk Telecom Group PLC from GBX 225 ($2.93) to GBX 185 ($2.41) and set a “sector perform” rating on the stock in a report on Thursday, May 11th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 260 ($3.38) target price on shares of Talktalk Telecom Group PLC in a report on Friday, April 21st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 150 ($1.95) price target on shares of Talktalk Telecom Group PLC in a research note on Thursday, May 11th. Finally, Citigroup Inc upped their price target on shares of Talktalk Telecom Group PLC from GBX 150 ($1.95) to GBX 180 ($2.34) and gave the stock a “neutral” rating in a research note on Friday, May 12th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 187.60 ($2.44).
Talktalk Telecom Group PLC (LON:TALK) traded down 3.23% on Wednesday, reaching GBX 177.00. 7,010,203 shares of the company’s stock traded hands. Talktalk Telecom Group PLC has a 12 month low of GBX 144.96 and a 12 month high of GBX 249.20. The company’s market cap is GBX 1.68 billion. The firm’s 50 day moving average price is GBX 186.95 and its 200 day moving average price is GBX 174.34.
The firm also recently announced a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be given a GBX 5 ($0.07) dividend. This represents a yield of 2.96%. The ex-dividend date is Thursday, July 6th.
In other news, insider Tristia Harrison sold 25,650 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of GBX 168 ($2.19), for a total transaction of £43,092 ($56,058.28).
About Talktalk Telecom Group PLC
TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.
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