TalkTalk Telecom Group (LON:TALK) was downgraded by equities researchers at Jefferies Group to a “hold” rating in a research report issued on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 260 ($4.26) target price on the stock, down from their previous target price of GBX 335 ($5.48). Jefferies Group’s price objective points to a potential downside of 3.63% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of TalkTalk Telecom Group from GBX 275 ($4.50) to GBX 300 ($4.91) in a research note to investors on Thursday, November 28th. They now have an “outperform” rating on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “sell” rating on shares of TalkTalk Telecom Group in a research note to investors on Wednesday, November 27th. They now have a GBX 150 ($2.46) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of TalkTalk Telecom Group in a research note to investors on Monday, November 18th. They now have a GBX 235 ($3.85) price target on the stock. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 254.76 ($4.17).
TalkTalk Telecom Group (LON:TALK) opened at 270.10 on Thursday. TalkTalk Telecom Group has a 1-year low of GBX 206.80 and a 1-year high of GBX 283.30. The stock has a 50-day moving average of GBX 265.8 and a 200-day moving average of GBX 246.8. The company’s market cap is £2.407 billion.
The company also recently announced a dividend, which is scheduled for Friday, December 13th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $4.00 per share. This represents a dividend yield of 1.45%. The ex-dividend date is Wednesday, November 20th.
TalkTalk Telecom Group PLC is engaged in fixed line voice and broadband telecommunications businesses in the United Kingdom.
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