Barclays restated their equal weight rating on shares of Talktalk Telecom Group (LON:TALK) in a research report released on Friday morning. The brokerage currently has a GBX 170 ($2.38) price objective on the stock.
Several other research firms also recently weighed in on TALK. 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 on the stock in a research report on Monday, December 11th. Royal Bank of Canada downgraded Talktalk Telecom Group to a sector performer rating and cut their target price for the company from GBX 225 ($3.15) to GBX 190 ($2.66) in a research report on Thursday, November 16th. Deutsche Bank reissued a buy rating and set a GBX 230 ($3.22) target price on shares of Talktalk Telecom Group in a research report on Thursday, November 16th. Credit Suisse Group cut their target price on Talktalk Telecom Group from GBX 170 ($2.38) to GBX 140 ($1.96) and set an underperform rating on the stock in a research report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. cut their target price on Talktalk Telecom Group from GBX 150 ($2.10) to GBX 120 ($1.68) and set an underweight rating on the stock in a research report on Thursday, November 30th. Nine 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. The stock has a consensus rating of Hold and an average target price of GBX 144.29 ($2.02).
Shares of Talktalk Telecom Group (LON TALK) opened at GBX 110.70 ($1.55) on Friday. The stock has a market capitalization of $1,000.00 and a P/E ratio of -2,767.50. Talktalk Telecom Group has a twelve month low of GBX 98.65 ($1.38) and a twelve month high of GBX 220 ($3.08).
In other Talktalk Telecom Group news, insider Charles W. Dunstone acquired 32,710,280 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were bought at an average price of GBX 107 ($1.50) per share, with a total value of £34,999,999.60 ($49,074,592.82).
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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