TalkTalk Telecom Group PLC (TALK) Price Target Cut to GBX 140
TalkTalk Telecom Group PLC (LON:TALK) had its price target cut by Credit Suisse Group from GBX 170 ($2.24) to GBX 140 ($1.84) in a research report sent to investors on Thursday morning, MarketBeat.com reports. They currently have an underperform rating on the stock.
A number of other equities research analysts have also recently commented on TALK. Deutsche Bank AG restated a buy rating and set a GBX 230 ($3.03) target price on shares of TalkTalk Telecom Group in a research report on Wednesday, August 9th. Macquarie restated an underperform rating and set a GBX 150 ($1.97) target price on shares of TalkTalk Telecom Group in a research report on Wednesday, September 6th. Jefferies Group LLC restated an underperform rating and set a GBX 125 ($1.64) target price on shares of TalkTalk Telecom Group in a research report on Wednesday, September 13th. Citigroup Inc. cut TalkTalk Telecom Group to a sell rating and set a GBX 180 ($2.37) price objective on the stock. in a report on Monday, October 9th. Finally, Barclays PLC cut TalkTalk Telecom Group to an equal weight rating and lifted their price objective for the stock from GBX 185 ($2.43) to GBX 215 ($2.83) in a report on Friday, October 13th. Ten investment 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. The stock currently has an average rating of Hold and an average price target of GBX 166 ($2.18).
Shares of TalkTalk Telecom Group (LON TALK) opened at GBX 152 ($2.00) on Thursday. TalkTalk Telecom Group has a 1 year low of GBX 144.96 ($1.91) and a 1 year high of GBX 220 ($2.89).
TalkTalk Telecom Group (LON:TALK) last posted its earnings results on Wednesday, November 15th. The company reported GBX (0.50) (($0.01)) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 4.20 ($0.06) by GBX (4.70) (($0.06)). TalkTalk Telecom Group had a negative net margin of 8.57% and a negative return on equity of 158.23%. The business had revenue of £856 million for the quarter.
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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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