Barclays PLC Downgrades Talktalk Telecom Group PLC (LON:TALK) to Equal Weight

Talktalk Telecom Group PLC (LON:TALK) was downgraded by Barclays PLC to an “equal weight” rating in a report released on Friday, October 13th, MarketBeat Ratings reports. They presently have a GBX 215 ($2.84) price objective on the stock, up from their prior price objective of GBX 185 ($2.44). Barclays PLC’s price target would indicate a potential upside of 6.28% from the stock’s current price.

Several other equities analysts have also issued reports on TALK. Numis Securities Ltd assumed coverage on Talktalk Telecom Group PLC in a research note on Tuesday, July 25th. They issued a “reduce” rating and a GBX 150 ($1.98) price target on the stock. Deutsche Bank AG reissued a “buy” rating and issued a GBX 230 ($3.04) price target on shares of Talktalk Telecom Group PLC in a research note on Monday, September 18th. Jefferies Group LLC reissued an “underperform” rating and issued a GBX 125 ($1.65) price target on shares of Talktalk Telecom Group PLC in a research note on Wednesday, September 13th. Credit Suisse Group dropped their price target on Talktalk Telecom Group PLC from GBX 260 ($3.43) to GBX 210 ($2.77) and set an “outperform” rating on the stock in a research note on Wednesday, July 12th. Finally, Macquarie reissued an “underperform” rating and issued a GBX 150 ($1.98) price target on shares of Talktalk Telecom Group PLC in a research note on Wednesday, September 6th. Eleven research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 169.69 ($2.24).

Shares of Talktalk Telecom Group PLC (TALK) opened at 202.30 on Friday. The company’s market capitalization is GBX 1.92 billion. The firm’s 50 day moving average is GBX 210.17 and its 200-day moving average is GBX 191.37. Talktalk Telecom Group PLC has a 52-week low of GBX 144.96 and a 52-week high of GBX 220.00.

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About Talktalk Telecom Group PLC

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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