TalkTalk Telecom Group (TALK) PT Lowered to GBX 120
TalkTalk Telecom Group (LON:TALK) had its price objective dropped by stock analysts at Numis Securities from GBX 150 ($2.01) to GBX 120 ($1.61) in a note issued to investors on Thursday. The firm presently has a “reduce” rating on the stock. Numis Securities’ target price points to a potential downside of 21.62% from the company’s current price.
Several other analysts have also recently commented on TALK. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 230 ($3.08) target price on shares of TalkTalk Telecom Group in a research report on Wednesday, August 9th. Macquarie reissued an “underperform” rating and set a GBX 150 ($2.01) price objective on shares of TalkTalk Telecom Group in a research report on Wednesday, September 6th. Jefferies Group reissued an “underperform” rating and set a GBX 125 ($1.67) price objective on shares of TalkTalk Telecom Group in a research report on Wednesday, September 13th. Credit Suisse Group cut TalkTalk Telecom Group to an “underperform” rating and reduced their price objective for the company from GBX 210 ($2.81) to GBX 170 ($2.28) in a research report on Thursday, September 28th. Finally, Citigroup cut TalkTalk Telecom Group to a “sell” rating and set a GBX 180 ($2.41) price objective for the company. in a research report on Monday, October 9th. Ten investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 162 ($2.17).
Shares of TalkTalk Telecom Group (LON:TALK) traded up GBX 7.80 ($0.10) during trading on Thursday, hitting GBX 153.10 ($2.05). The stock had a trading volume of 3,250,000 shares, compared to its average volume of 1,820,000. TalkTalk Telecom Group has a 1-year low of GBX 138.11 ($1.85) and a 1-year high of GBX 220 ($2.95).
About TalkTalk Telecom Group
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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