Talktalk Telecom Group’s (TALK) “Reduce” Rating Reiterated at Numis Securities

Numis Securities restated their reduce rating on shares of Talktalk Telecom Group (LON:TALK) in a report issued on Wednesday, July 18th.

Several other brokerages have also weighed in on TALK. Royal Bank of Canada lowered shares of Talktalk Telecom Group to a sector performer rating and lowered their target price for the stock from GBX 140 ($1.81) to GBX 125 ($1.62) in a research report on Friday, April 13th. Goldman Sachs Group restated a sell rating on shares of Talktalk Telecom Group in a research report on Thursday, March 29th. Citigroup lowered their price target on shares of Talktalk Telecom Group from GBX 120 ($1.55) to GBX 115 ($1.49) and set a neutral rating on the stock in a research report on Tuesday, March 27th. BNP Paribas reiterated an underperform rating and issued a GBX 90 ($1.17) price target on shares of Talktalk Telecom Group in a research report on Wednesday, April 4th. Finally, Credit Suisse Group lowered their price target on shares of Talktalk Telecom Group from GBX 140 ($1.81) to GBX 90 ($1.17) and set an underperform rating on the stock in a research report on Thursday, July 12th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Talktalk Telecom Group presently has an average rating of Hold and a consensus target price of GBX 114.46 ($1.48).

Shares of Talktalk Telecom Group stock traded down GBX 2.70 ($0.03) on Wednesday, reaching GBX 115.50 ($1.50). 1,798,059 shares of the stock were exchanged, compared to its average volume of 3,760,000. Talktalk Telecom Group has a 1-year low of GBX 88.60 ($1.15) and a 1-year high of GBX 220 ($2.85).

The firm also recently disclosed a dividend, which was paid on Friday, August 3rd. Stockholders of record on Thursday, July 5th were given a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, July 5th.

In other news, insider Charles W. Dunstone purchased 529,621 shares of the stock in a transaction that occurred on Friday, June 29th. The stock was acquired at an average cost of GBX 106 ($1.37) per share, with a total value of £561,398.26 ($726,729.14).

Talktalk Telecom Group 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.

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Analyst Recommendations for Talktalk Telecom Group (LON:TALK)

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