KCOM Group (KCOM) Trading Down 39.4% on Analyst Downgrade
KCOM Group PLC (LON:KCOM)’s share price fell 39.4% on Tuesday after Peel Hunt lowered their price target on the stock from GBX 150 to GBX 127. Peel Hunt currently has a buy rating on the stock. KCOM Group traded as low as GBX 54.10 ($0.71) and last traded at GBX 56.40 ($0.74). 1,014,959 shares were traded during trading, an increase of 135% from the average session volume of 431,976 shares. The stock had previously closed at GBX 93 ($1.22).
Separately, Berenberg Bank assumed coverage on shares of KCOM Group in a research note on Tuesday, October 16th. They issued a “buy” rating and a GBX 115 ($1.50) price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. KCOM Group presently has a consensus rating of “Hold” and an average target price of GBX 109.40 ($1.43).
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KCOM Group Company Profile (LON:KCOM)
KCOM Group PLC provides IP-based communication and collaboration services to enterprises, small and medium-sized businesses, and consumers in the United Kingdom. It operates through Hull and East Yorkshire, Enterprise, and National Network Services segments. The company provides consulting, design, implementation, and managed services related to the collaborative systems and cloud markets; communication and Internet-based services; and network connectivity and related services.
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