HSBC Downgrades Talktalk Telecom Group (TALK) to Reduce

Talktalk Telecom Group (LON:TALK) was downgraded by HSBC to a “reduce” rating in a report released on Monday. They presently have a GBX 82 ($1.07) target price on the stock, down from their prior target price of GBX 115 ($1.50). HSBC’s price target indicates a potential downside of 13.68% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Macquarie restated an “outperform” rating and issued a GBX 150 ($1.96) price objective on shares of Talktalk Telecom Group in a research report on Friday, November 9th. Deutsche Bank restated a “buy” rating and issued a GBX 173 ($2.26) price objective on shares of Talktalk Telecom Group in a research report on Monday, November 12th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 125 ($1.63) price objective on shares of Talktalk Telecom Group in a research report on Thursday, November 22nd. UBS Group restated a “neutral” rating on shares of Talktalk Telecom Group in a research report on Friday, January 25th. Finally, Barclays restated an “overweight” rating on shares of Talktalk Telecom Group in a research report on Thursday, November 22nd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Talktalk Telecom Group presently has an average rating of “Hold” and an average price target of GBX 115.77 ($1.51).

TALK stock opened at GBX 95 ($1.24) on Monday. Talktalk Telecom Group has a 12 month low of GBX 88.60 ($1.16) and a 12 month high of GBX 220 ($2.87).

In related news, insider Charles W. Dunstone bought 307,085 shares of the company’s stock in a transaction on Monday, November 26th. The stock was acquired at an average cost of GBX 112 ($1.46) per share, for a total transaction of £343,935.20 ($449,412.26). Also, insider Charles W. Dunstone bought 379,593 shares of the company’s stock in a transaction on Friday, November 23rd. The shares were bought at an average price of GBX 117 ($1.53) per share, with a total value of £444,123.81 ($580,326.42). Over the last quarter, insiders have acquired 1,783,902 shares of company stock valued at $206,083,885.

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.

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Analyst Recommendations for Talktalk Telecom Group (LON:TALK)

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