Talktalk Telecom Group PLC (TALK) Stock Rating Reaffirmed by Haitong Bank
Talktalk Telecom Group PLC (LON:TALK)‘s stock had its “sell” rating reaffirmed by equities researchers at Haitong Bank in a research note issued to investors on Thursday. They presently have a GBX 150 ($2.00) target price on the stock. Haitong Bank’s price target would suggest a potential downside of 24.28% from the company’s previous close.
TALK has been the topic of a number of other reports. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 285 ($3.80) price objective on shares of Talktalk Telecom Group PLC in a research note on Thursday, May 19th. Barclays PLC reiterated an “overweight” rating on shares of Talktalk Telecom Group PLC in a research note on Wednesday, August 17th. JPMorgan Chase & Co. lifted their price objective on Talktalk Telecom Group PLC from GBX 220 ($2.93) to GBX 230 ($3.06) and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 260 ($3.46) price objective on shares of Talktalk Telecom Group PLC in a research note on Wednesday, August 10th. Finally, HSBC lifted their price objective on Talktalk Telecom Group PLC from GBX 225 ($3.00) to GBX 245 ($3.26) and gave the stock a “hold” rating in a research note on Wednesday, June 15th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 246.50 ($3.28).
Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 198.3797 on Thursday. Talktalk Telecom Group PLC has a one year low of GBX 184.00 and a one year high of GBX 327.50. The company’s market cap is GBX 1.88 billion. The company has a 50 day moving average price of GBX 214.68 and a 200 day moving average price of GBX 231.20.
In other Talktalk Telecom Group PLC news, insider Torrens,Iain bought 132 shares of Talktalk Telecom Group PLC stock in a transaction dated Friday, August 12th. The shares were acquired at an average cost of GBX 225 ($3.00) per share, with a total value of £297 ($395.58).
About Talktalk Telecom Group PLC
TalkTalk Telecom Group PLC is a United Kingdom-based provider of fixed line broadband, voice telephony, mobile and television services. The Company serves approximately four million residential and business customers under the TalkTalk and TalkTalk Business brands. The Company, through blinkbox Entertainment Limited (blinkbox), provides multi-device, multi-platform video content.
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