Royal Bank of Canada Downgrades Talktalk Telecom Group (TALK) to Sector Performer
Royal Bank of Canada lowered shares of Talktalk Telecom Group (LON:TALK) to a sector performer rating in a research note issued to investors on Friday. The firm currently has GBX 125 ($1.79) price target on the stock, down from their prior price target of GBX 140 ($2.00).
Several other brokerages have also weighed in on TALK. Barclays restated an equal weight rating and set a GBX 170 ($2.43) target price on shares of Talktalk Telecom Group in a research report on Friday, January 19th. Societe Generale lowered their target price on shares of Talktalk Telecom Group from GBX 150 ($2.15) to GBX 125 ($1.79) and set a sell rating on the stock in a research report on Monday, January 29th. BNP Paribas reduced their price target on shares of Talktalk Telecom Group from GBX 140 ($2.00) to GBX 90 ($1.29) and set an underperform rating on the stock in a report on Wednesday, January 31st. Numis Securities reaffirmed a sell rating and issued a GBX 85 ($1.22) price target on shares of Talktalk Telecom Group in a report on Wednesday, April 4th. Finally, Deutsche Bank reaffirmed a buy rating on shares of Talktalk Telecom Group in a report on Monday, March 26th. Eight analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 134.33 ($1.92).
Shares of TALK opened at GBX 117.20 ($1.68) on Friday. Talktalk Telecom Group has a twelve month low of GBX 88.60 ($1.27) and a twelve month high of GBX 220 ($3.15).
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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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