Talktalk Telecom Group PLC (TALK) Releases Earnings Results, Misses Estimates By $4.70 EPS
Talktalk Telecom Group PLC (LON:TALK) released its earnings results on Wednesday. The company reported GBX (0.50) (($0.01)) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 4.20 ($0.06) by GBX (4.70) (($0.06)), Bloomberg Earnings reports. The company had revenue of GBX 8,560 billion for the quarter. Talktalk Telecom Group PLC had a net margin of 4.20% and a return on equity of 49.70%.
Talktalk Telecom Group PLC (LON:TALK) opened at GBX 168.10 ($2.21) on Friday. Talktalk Telecom Group PLC has a 1 year low of GBX 144.96 ($1.91) and a 1 year high of GBX 220 ($2.89).
Several equities research analysts have recently issued reports on TALK shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 230 ($3.03) target price on shares of Talktalk Telecom Group PLC in a report on Thursday, August 24th. Barclays PLC cut Talktalk Telecom Group PLC to an “equal weight” rating and boosted their price objective for the stock from GBX 185 ($2.43) to GBX 215 ($2.83) in a research note on Friday, October 13th. Macquarie reissued an “underperform” rating and set a GBX 150 ($1.97) price objective on shares of Talktalk Telecom Group PLC in a research note on Wednesday, September 6th. Credit Suisse Group reissued an “underperform” rating and set a GBX 170 ($2.24) price objective on shares of Talktalk Telecom Group PLC in a research note on Friday, October 13th. Finally, Royal Bank Of Canada lowered Talktalk Telecom Group PLC to a “sector performer” rating and dropped their target price for the company from GBX 225 ($2.96) to GBX 190 ($2.50) in a research report on Thursday. Eleven research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Talktalk Telecom Group PLC currently has an average rating of “Hold” and an average target price of GBX 167.50 ($2.20).
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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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