Talktalk Telecom Group PLC (TALK) Downgraded by Citigroup Inc. to Sell

Talktalk Telecom Group PLC (LON:TALK) was downgraded by stock analysts at Citigroup Inc. to a “sell” rating in a report released on Monday.

Several other brokerages have also recently weighed in on TALK. Macquarie reaffirmed an “underperform” rating and set a GBX 150 ($1.99) price objective on shares of Talktalk Telecom Group PLC in a research note on Wednesday, September 6th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 230 ($3.05) price objective on shares of Talktalk Telecom Group PLC in a research note on Monday, September 18th. Jefferies Group LLC reaffirmed an “underperform” rating and set a GBX 125 ($1.66) price objective on shares of Talktalk Telecom Group PLC in a research note on Wednesday, September 13th. Credit Suisse Group cut shares of Talktalk Telecom Group PLC to an “underperform” rating and decreased their price objective for the stock from GBX 210 ($2.79) to GBX 170 ($2.25) in a research note on Thursday, September 28th. Finally, Numis Securities Ltd began coverage on shares of Talktalk Telecom Group PLC in a research note on Tuesday, July 25th. They set a “reduce” rating and a GBX 150 ($1.99) price objective on the stock. Eleven analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Talktalk Telecom Group PLC currently has a consensus rating of “Hold” and an average target price of GBX 170.59 ($2.26).

Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 215.30 on Monday. Talktalk Telecom Group PLC has a 12-month low of GBX 144.96 and a 12-month high of GBX 221.30. The company’s market cap is GBX 2.05 billion. The stock’s 50 day moving average price is GBX 205.79 and its 200-day moving average price is GBX 189.41.

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Several other brokerages have also recently weighed in on TALK. Macquarie reaffirmed an “underperform” rating and set a GBX 150 ($1.99) price objective on shares of Talktalk Telecom Group PLC in a research note on Wednesday, September 6th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 230 ($3.05) price objective on shares of Talktalk Telecom Group PLC in a research note on Monday, September 18th. Jefferies Group LLC reaffirmed an “underperform” rating and set a GBX 125 ($1.66) price objective on shares of Talktalk Telecom Group PLC in a research note on Wednesday, September 13th. Credit Suisse Group cut shares of Talktalk Telecom Group PLC to an “underperform” rating and decreased their price objective for the stock from GBX 210 ($2.79) to GBX 170 ($2.25) in a research note on Thursday, September 28th. Finally, Numis Securities Ltd began coverage on shares of Talktalk Telecom Group PLC in a research note on Tuesday, July 25th. They set a “reduce” rating and a GBX 150 ($1.99) price objective on the stock. Eleven analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Talktalk Telecom Group PLC currently has a consensus rating of “Hold” and an average target price of GBX 170.59 ($2.26).

Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 215.30 on Monday. Talktalk Telecom Group PLC has a 12-month low of GBX 144.96 and a 12-month high of GBX 221.30. The company’s market cap is GBX 2.05 billion. The stock’s 50 day moving average price is GBX 205.79 and its 200-day moving average price is GBX 189.41.

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Talktalk Telecom Group PLC Company Profile

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.

Analyst Recommendations for Talktalk Telecom Group PLC (LON:TALK)

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