TalkTalk Telecom Group (TALK) Stock Rating Reaffirmed by Barclays

TalkTalk Telecom Group (LON:TALK)‘s stock had its “equal weight” rating restated by stock analysts at Barclays in a research report issued on Friday. They currently have a GBX 170 ($2.31) target price on the stock. Barclays’ target price suggests a potential upside of 23.37% from the stock’s current price.

Other analysts have also issued reports about the stock. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 230 ($3.12) price target on shares of TalkTalk Telecom Group in a research note on Thursday, November 16th. Numis Securities reduced their price target on shares of TalkTalk Telecom Group from GBX 150 ($2.03) to GBX 120 ($1.63) and set a “reduce” rating for the company in a research note on Thursday, November 30th. Royal Bank of Canada reaffirmed a “sector performer” rating on shares of TalkTalk Telecom Group in a research note on Tuesday, January 16th. Citigroup lowered shares of TalkTalk Telecom Group to a “sell” rating and set a GBX 180 ($2.44) price target for the company. in a research note on Monday, October 9th. Finally, Credit Suisse Group reduced their price target on shares of TalkTalk Telecom Group from GBX 170 ($2.31) to GBX 140 ($1.90) and set an “underperform” rating for the company in a research note on Thursday, November 23rd. Ten research 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 presently has a consensus rating of “Hold” and a consensus target price of GBX 157 ($2.13).

TalkTalk Telecom Group (LON:TALK) traded down GBX 0.80 ($0.01) during trading on Friday, reaching GBX 137.80 ($1.87). 1,658,070 shares of the company’s stock were exchanged, compared to its average volume of 1,680,000. The firm has a market cap of $1,310.00 and a price-to-earnings ratio of -3,445.00. TalkTalk Telecom Group has a 52-week low of GBX 131.30 ($1.78) and a 52-week high of GBX 220 ($2.98).

TalkTalk Telecom Group (LON:TALK) last posted 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)). The firm had revenue of £856 million for the quarter. TalkTalk Telecom Group had a negative net margin of 8.57% and a negative return on equity of 158.23%.

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TalkTalk Telecom Group Company Profile

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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