Talktalk Telecom Group (LON:TALK) had its price objective cut by stock analysts at Royal Bank of Canada from GBX 150 ($2.10) to GBX 140 ($1.96) in a report issued on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 34.10% from the stock’s previous close.
Several other research firms also recently weighed in on TALK. Credit Suisse Group reiterated an “underperform” rating and set a GBX 170 ($2.38) price target on shares of Talktalk Telecom Group in a research note on Friday, October 13th. Barclays downgraded Talktalk Telecom Group to an “equal weight” rating and increased their price target for the stock from GBX 185 ($2.59) to GBX 215 ($3.01) in a research note on Friday, October 13th. Deutsche Bank restated a “buy” rating and issued a GBX 230 ($3.22) target price on shares of Talktalk Telecom Group in a research note on Friday, November 10th. Citigroup cut their target price on Talktalk Telecom Group from GBX 180 ($2.52) to GBX 150 ($2.10) and set a “sell” rating for the company in a research note on Monday, November 20th. Finally, Jefferies Group cut their target price on Talktalk Telecom Group from GBX 125 ($1.75) to GBX 95 ($1.33) and set an “underperform” rating for the company in a research note on Monday, December 11th. Ten equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Talktalk Telecom Group has a consensus rating of “Hold” and a consensus price target of GBX 144.29 ($2.02).
Talktalk Telecom Group (LON TALK) opened at GBX 104.40 ($1.46) on Friday. The firm has a market capitalization of $1,030.00 and a price-to-earnings ratio of -2,610.00. Talktalk Telecom Group has a 12 month low of GBX 107.20 ($1.50) and a 12 month high of GBX 220 ($3.08).
In other Talktalk Telecom Group news, insider Charles W. Dunstone purchased 32,710,280 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of GBX 107 ($1.50) per share, with a total value of £34,999,999.60 ($49,074,592.82).
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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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