Talktalk Telecom Group (LON:TALK) Share Price Crosses Above 200-Day Moving Average of $110.68

Talktalk Telecom Group PLC (LON:TALK)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $110.68 and traded as high as $102.70. Talktalk Telecom Group shares last traded at $102.60, with a volume of 348,231 shares changing hands.

A number of brokerages have weighed in on TALK. Deutsche Bank reissued a “buy” rating on shares of Talktalk Telecom Group in a report on Thursday, July 18th. Morgan Stanley reissued an “equal weight” rating on shares of Talktalk Telecom Group in a report on Monday, July 15th. Barclays reissued an “overweight” rating on shares of Talktalk Telecom Group in a report on Thursday, July 18th. Numis Securities reissued a “sell” rating and issued a GBX 70 ($0.91) price target on shares of Talktalk Telecom Group in a report on Friday, May 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Talktalk Telecom Group from GBX 110 ($1.44) to GBX 121 ($1.58) and gave the company a “neutral” rating in a report on Thursday, April 25th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 121.22 ($1.58).

The company has a market cap of $1.16 billion and a price-to-earnings ratio of 36.18. The company has a debt-to-equity ratio of 294.44, a quick ratio of 0.44 and a current ratio of 0.62. The business’s 50 day moving average price is GBX 105.68 and its 200-day moving average price is GBX 110.68.

Talktalk Telecom Group Company Profile (LON:TALK)

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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