Telenet Group (OTCMKTS:TLGHY) Price Target Lowered to €42.00 at Barclays

Telenet Group (OTCMKTS:TLGHY) had its price target lowered by equities researchers at Barclays from €44.00 ($50.00) to €42.00 ($47.73) in a report released on Friday, The Fly reports. The firm currently has an “overweight” rating on the stock.

A number of other analysts have also commented on TLGHY. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Telenet Group in a research report on Wednesday, December 1st. Deutsche Bank Aktiengesellschaft cut Telenet Group from a “buy” rating to a “hold” rating in a report on Thursday, December 9th. New Street Research upgraded Telenet Group from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, November 2nd. Finally, HSBC cut Telenet Group from a “buy” rating to a “hold” rating in a report on Friday, October 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $41.00.

Shares of OTCMKTS:TLGHY remained flat at $$17.95 during midday trading on Friday. The stock’s 50-day simple moving average is $18.00 and its two-hundred day simple moving average is $18.59. Telenet Group has a fifty-two week low of $17.00 and a fifty-two week high of $22.89.

About Telenet Group

Telenet Group Holding NV engages in the provision of cable television services. It offers basic and enhanced video, including high definition, pay television and video-on-demand services, high-speed broadband internet and fixed-line, and mobile telephony services to residential subscribers who reside in the company’s network area.

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