TalkTalk Telecom Group (TALK) PT Lowered to GBX 120 at Numis Securities

TalkTalk Telecom Group (LON:TALK) had its target price lowered by Numis Securities from GBX 150 ($2.02) to GBX 120 ($1.62) in a research report sent to investors on Thursday, November 30th. Numis Securities currently has a reduce rating on the stock.

Other research analysts also recently issued reports about the company. Deutsche Bank reissued a buy rating and issued a GBX 230 ($3.10) target price on shares of TalkTalk Telecom Group in a report on Thursday, August 24th. Barclays downgraded TalkTalk Telecom Group to an equal weight rating and boosted their target price for the stock from GBX 185 ($2.49) to GBX 215 ($2.89) in a report on Friday, October 13th. Royal Bank of Canada downgraded TalkTalk Telecom Group to a sector performer rating and reduced their target price for the stock from GBX 225 ($3.03) to GBX 190 ($2.56) in a report on Thursday, November 16th. Citigroup reduced their target price on TalkTalk Telecom Group from GBX 180 ($2.42) to GBX 150 ($2.02) and set a sell rating on the stock in a report on Monday, November 20th. Finally, Credit Suisse Group restated an underperform rating and issued a GBX 170 ($2.29) price objective on shares of TalkTalk Telecom Group in a research report on Friday, October 13th. Ten research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. TalkTalk Telecom Group presently has an average rating of Hold and a consensus target price of GBX 160 ($2.15).

Shares of TalkTalk Telecom Group (TALK) opened at GBX 137.20 ($1.85) on Thursday. TalkTalk Telecom Group has a 52 week low of GBX 134.70 ($1.81) and a 52 week high of GBX 220 ($2.96).

TalkTalk Telecom Group (LON:TALK) last announced its earnings results on Wednesday, November 15th. The company reported GBX (0.50) (($0.01)) EPS for the quarter, missing the consensus estimate of GBX 4.20 ($0.06) by GBX (4.70) (($0.06)). The business had revenue of £856 million during the quarter. TalkTalk Telecom Group had a negative return on equity of 158.23% and a negative net margin of 8.57%.

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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.

Analyst Recommendations for TalkTalk Telecom Group (LON:TALK)

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