Royal Bank of Canada downgraded shares of Talktalk Telecom Group (LON:TALK) to a sector performer rating in a research report sent to investors on Friday, April 13th. They currently have GBX 125 ($1.79) target price on the stock, down from their prior target price of GBX 140 ($2.00).
Several other research analysts have also recently weighed in on the company. BNP Paribas reduced their price objective on Talktalk Telecom Group from GBX 140 ($2.00) to GBX 90 ($1.29) and set an underperform rating for the company in a research report on Wednesday, January 31st. Barclays reaffirmed an equal weight rating and set a GBX 170 ($2.43) price objective on shares of Talktalk Telecom Group in a research report on Friday, January 19th. JPMorgan Chase reduced their price objective on Talktalk Telecom Group from GBX 120 ($1.72) to GBX 100 ($1.43) and set an underweight rating for the company in a research report on Friday, March 16th. Societe Generale reduced their price objective on Talktalk Telecom Group from GBX 150 ($2.15) to GBX 125 ($1.79) and set a sell rating for the company in a research report on Monday, January 29th. Finally, Morgan Stanley reduced their price objective on Talktalk Telecom Group from GBX 170 ($2.43) to GBX 120 ($1.72) and set an equal weight rating for the company in a research report on Tuesday, February 13th. Eight analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 134.33 ($1.92).
LON:TALK traded up GBX 3.80 ($0.05) on Friday, reaching GBX 126.10 ($1.81). The company’s stock had a trading volume of 2,508,995 shares, compared to its average volume of 3,760,000. Talktalk Telecom Group has a 1-year low of GBX 88.60 ($1.27) and a 1-year high of GBX 220 ($3.15).
In related news, insider Charles W. Dunstone purchased 32,710,280 shares of Talktalk Telecom Group stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of GBX 107 ($1.53) per share, with a total value of £34,999,999.60 ($50,114,546.96).
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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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