Talktalk Telecom Group (TALK) Rating Reiterated by Macquarie

Talktalk Telecom Group (LON:TALK)‘s stock had its “outperform” rating reissued by investment analysts at Macquarie in a research report issued to clients and investors on Friday. They presently have a GBX 150 ($1.96) price target on the stock. Macquarie’s target price suggests a potential upside of 23.56% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Credit Suisse Group lowered their price objective on Talktalk Telecom Group from GBX 140 ($1.83) to GBX 90 ($1.18) and set an “underperform” rating for the company in a research report on Thursday, July 12th. Numis Securities reiterated a “reduce” rating on shares of Talktalk Telecom Group in a research report on Wednesday, July 18th. UBS Group reiterated a “neutral” rating on shares of Talktalk Telecom Group in a research report on Monday, October 8th. Deutsche Bank reiterated a “buy” rating on shares of Talktalk Telecom Group in a research report on Friday, September 28th. Finally, Barclays upgraded Talktalk Telecom Group to an “overweight” rating and boosted their price objective for the company from GBX 130 ($1.70) to GBX 150 ($1.96) in a research report on Thursday, August 23rd. Five research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 116.38 ($1.52).

LON:TALK opened at GBX 121.40 ($1.59) on Friday. Talktalk Telecom Group has a 1-year low of GBX 88.60 ($1.16) and a 1-year high of GBX 220 ($2.87).

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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