Talktalk Telecom Group (LON:TALK) had its target price dropped by research analysts at Societe Generale from GBX 150 ($2.03) to GBX 125 ($1.70) in a research note issued on Monday. The brokerage presently has a “sell” rating on the stock. Societe Generale’s price objective indicates a potential downside of 6.58% from the stock’s current price.
Several other research analysts have also commented on the stock. Jefferies Group dropped their price objective on shares of Talktalk Telecom Group from GBX 125 ($1.70) to GBX 95 ($1.29) and set an “underperform” rating for the company in a research note on Monday, December 11th. Barclays downgraded Talktalk Telecom Group to an “equal weight” rating and lifted their target price for the stock from GBX 185 ($2.51) to GBX 215 ($2.92) in a research report on Friday, October 13th. Royal Bank of Canada downgraded Talktalk Telecom Group to a “sector performer” rating and decreased their target price for the stock from GBX 225 ($3.05) to GBX 190 ($2.58) in a research report on Thursday, November 16th. Deutsche Bank reiterated a “buy” rating and set a GBX 230 ($3.12) target price on shares of Talktalk Telecom Group in a research report on Thursday, November 16th. Finally, Credit Suisse Group decreased their target price on Talktalk Telecom Group from GBX 170 ($2.31) to GBX 140 ($1.90) and set an “underperform” rating for the company in a research report on Thursday, November 23rd. Eleven investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 155 ($2.10).
Talktalk Telecom Group (LON TALK) opened at GBX 133.80 ($1.81) on Monday. The company has a market cap of $1,270.00 and a price-to-earnings ratio of -3,345.00. Talktalk Telecom Group has a one year low of GBX 131.30 ($1.78) and a one year high of GBX 220 ($2.98).
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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.
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