Talktalk Telecom Group PLC (TALK) Earns “Outperform” Rating from Royal Bank Of Canada
Royal Bank Of Canada restated their outperform rating on shares of Talktalk Telecom Group PLC (LON:TALK) in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 225 ($2.94) target price on the stock.
TALK has been the subject of a number of other reports. BNP Paribas reissued an underperform rating and issued a GBX 150 ($1.96) price objective on shares of Talktalk Telecom Group PLC in a research report on Tuesday. Macquarie cut shares of Talktalk Telecom Group PLC to an underperform rating and set a GBX 150 ($1.96) price target on the stock. in a research report on Monday. Credit Suisse Group dropped their price target on shares of Talktalk Telecom Group PLC from GBX 260 ($3.40) to GBX 210 ($2.74) and set an outperform rating on the stock in a research note on Wednesday, July 12th. Berenberg Bank lowered shares of Talktalk Telecom Group PLC to a sell rating and lowered their price objective for the company from GBX 224 ($2.93) to GBX 140 ($1.83) in a research note on Monday, June 12th. Finally, Citigroup Inc. raised their price objective on shares of Talktalk Telecom Group PLC from GBX 150 ($1.96) to GBX 180 ($2.35) and gave the company a neutral rating in a research note on Friday, May 12th. Eight research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 174.38 ($2.28).
Talktalk Telecom Group PLC (LON:TALK) traded up 0.76% on Thursday, reaching GBX 185.60. 807,183 shares of the company’s stock traded hands. 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 50 day moving average price is GBX 178.59 and its 200 day moving average price is GBX 176.58. The firm’s market capitalization is GBX 1.76 billion.
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The company also recently disclosed 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. This represents a yield of 2.96%. The ex-dividend date is Thursday, July 6th.
In related news, insider Tristia Harrison sold 25,650 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of GBX 168 ($2.19), for a total value of £43,092 ($56,270.57).
About Talktalk Telecom Group PLC
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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