TalkTalk Telecom Group PLC (TALK) Receives Consensus Rating of “Hold” from Brokerages

Shares of TalkTalk Telecom Group PLC (LON:TALK) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 160 ($2.14).

TALK has been the topic of several research analyst reports. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 230 ($3.08) price target on shares of TalkTalk Telecom Group in a report on Friday, November 24th. Barclays cut shares of TalkTalk Telecom Group to an “equal weight” rating and upped their price target for the stock from GBX 185 ($2.47) to GBX 215 ($2.87) in a report on Friday, October 13th. Numis Securities decreased their price target on shares of TalkTalk Telecom Group from GBX 150 ($2.01) to GBX 120 ($1.60) and set a “reduce” rating on the stock in a report on Thursday, November 30th. Royal Bank of Canada cut shares of TalkTalk Telecom Group to a “sector performer” rating and decreased their price target for the stock from GBX 225 ($3.01) to GBX 190 ($2.54) in a report on Thursday, November 16th. Finally, Citigroup cut shares of TalkTalk Telecom Group to a “sell” rating and set a GBX 180 ($2.41) price target on the stock. in a report on Monday, October 9th.

Shares of TalkTalk Telecom Group (TALK) traded down GBX 1.90 ($0.03) during mid-day trading on Tuesday, reaching GBX 150 ($2.01). 840,181 shares of the company’s stock were exchanged, compared to its average volume of 1,790,000. TalkTalk Telecom Group has a 1-year low of GBX 132.90 ($1.78) and a 1-year high of GBX 220 ($2.94). The company has a market cap of $1,400.00 and a PE ratio of -3,750.00.

TalkTalk Telecom Group (LON:TALK) last issued its earnings results on Wednesday, November 15th. The company reported GBX (0.50) (($0.01)) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 4.20 ($0.06) by GBX (4.70) (($0.06)). TalkTalk Telecom Group had a negative net margin of 8.57% and a negative return on equity of 158.23%. The business had revenue of £856 million for the quarter.

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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.

Analyst Recommendations for TalkTalk Telecom Group (LON:TALK)

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