Talktalk Telecom Group PLC (TALK) Price Target Cut to GBX 210
Talktalk Telecom Group PLC (LON:TALK) had its price objective lowered by Credit Suisse Group from GBX 260 ($3.40) to GBX 210 ($2.74) in a report issued on Wednesday morning. Credit Suisse Group currently has an outperform rating on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Deutsche Bank AG cut their price objective on shares of Talktalk Telecom Group PLC from GBX 280 ($3.66) to GBX 230 ($3.00) and set a buy rating on the stock in a research note on Monday, June 26th. Goldman Sachs Group, Inc. (The) restated a sell rating and set a GBX 150 ($1.96) price objective on shares of Talktalk Telecom Group PLC in a research note on Monday, June 19th. Berenberg Bank cut shares of Talktalk Telecom Group PLC to a sell rating and cut their price objective for the company from GBX 224 ($2.93) to GBX 140 ($1.83) in a research note on Monday, June 12th. Barclays PLC reiterated an overweight rating and issued a GBX 185 ($2.42) price target on shares of Talktalk Telecom Group PLC in a research report on Thursday, June 8th. Finally, Royal Bank Of Canada upgraded shares of Talktalk Telecom Group PLC to an outperform rating and boosted their price target for the stock from GBX 185 ($2.42) to GBX 225 ($2.94) in a research report on Thursday, May 18th. Eight investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 174.38 ($2.28).
Shares of Talktalk Telecom Group PLC (LON TALK) opened at 179.30 on Wednesday. Talktalk Telecom Group PLC has a 52 week low of GBX 144.96 and a 52 week high of GBX 248.70. The firm’s market capitalization is GBX 1.70 billion. The company has a 50-day moving average of GBX 175.42 and a 200-day moving average of GBX 174.70.
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The business also recently declared a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, July 6th will be paid a GBX 5 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a yield of 2.96%.
In related news, insider Tristia Harrison sold 25,650 shares of Talktalk Telecom Group PLC stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of GBX 168 ($2.19), for a total value of £43,092 ($56,270.57).
Talktalk Telecom Group PLC 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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