Societe Generale Trims Talktalk Telecom Group (LON:TALK) Target Price to GBX 125

Talktalk Telecom Group (LON:TALK) had its target price cut by Societe Generale from GBX 150 ($2.07) to GBX 125 ($1.73) in a report published on Monday, January 29th. They currently have a sell rating on the stock.

A number of other equities analysts have also recently commented on the company. Credit Suisse Group reissued an underperform rating and set a GBX 170 ($2.35) price target on shares of Talktalk Telecom Group in a report on Friday, October 13th. Barclays cut Talktalk Telecom Group to an equal weight rating and boosted their price target for the stock from GBX 185 ($2.56) to GBX 215 ($2.97) in a report on Friday, October 13th. Citigroup cut Talktalk Telecom Group to a sell rating and set a GBX 180 ($2.49) target price for the company. in a report on Monday, October 9th. Deutsche Bank reaffirmed a buy rating and issued a GBX 230 ($3.18) target price on shares of Talktalk Telecom Group in a report on Friday, November 10th. Finally, Royal Bank of Canada lowered Talktalk Telecom Group to a sector performer rating and reduced their price target for the company from GBX 225 ($3.11) to GBX 190 ($2.63) in a research report on Thursday, November 16th. Nine analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Talktalk Telecom Group has a consensus rating of Hold and a consensus target price of GBX 142.67 ($1.97).

Talktalk Telecom Group (LON TALK) opened at GBX 107.90 ($1.49) on Monday. Talktalk Telecom Group has a one year low of GBX 98.65 ($1.36) and a one year high of GBX 220 ($3.04). The company has a market capitalization of $1,040.00 and a P/E ratio of -2,697.50.

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

In related news, insider Charles W. Dunstone purchased 32,710,280 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was purchased at an average cost of GBX 107 ($1.48) per share, with a total value of £34,999,999.60 ($48,355,898.87).

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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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