Rating To Observe: Talktalk Telecom Group (LON:TALK) Stock Rating Reiterated by Analysts at Macquarie; The GBX 290.00 Target Indicates 87.82% Potential

November 24, 2016 - By Clifton Ray

Talktalk Telecom Group (LON:TALK) Rating

In analysts report revealed to investors on Thursday morning, Talktalk Telecom Group (LON:TALK) stock Outperform was maintained at Macquarie. They currently have a GBX 290.00 target price on the stock. Macquarie’s target price would indicate a potential upside of 87.82% from the company’s previous stock close.

Talktalk Telecom Group PLC (LON:TALK) Ratings Coverage

Out of 20 analysts covering TalkTalk Telecom Group PLC (LON:TALK), 6 rate it a “Buy”, 5 “Sell”, while 9 “Hold”. This means 30% are positive. GBX 500 is the highest target while GBX 21 is the lowest. The GBX 241.05 average target is 55.57% above today’s (GBX 154.95) stock price. TalkTalk Telecom Group PLC has been the topic of 97 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Monday, September 7 with “Sector Perform”. The firm has “Outperform” rating given on Monday, September 14 by Credit Suisse. Barclays Capital maintained it with “Overweight” rating and GBX 500 target price in Monday, September 28 report. The rating was maintained by HSBC with “Buy” on Friday, August 28. The stock has “Sell” rating given by Haitong Securities on Friday, September 2. The rating was upgraded by Macquarie Research on Thursday, September 10 to “Outperform”. The rating was maintained by Macquarie Research on Monday, October 10 with “Outperform”. Nomura maintained the shares of TALK in a report on Wednesday, February 3 with “Reduce” rating. The firm has “Neutral” rating by JP Morgan given on Wednesday, July 13. The firm has “Sell” rating given on Wednesday, March 9 by Haitong Securities.

About 2.39M shares traded hands or 7.66% up from the average. Talktalk Telecom Group PLC (LON:TALK) has declined 40.62% since April 27, 2016 and is downtrending. It has underperformed by 46.03% the S&P500.

TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The company has a market cap of 1.48 billion GBP. The Firm serves over four million residential and business clients under the TalkTalk and TalkTalk Business brands. It has a 49.65 P/E ratio. TalkTalk residential packages offer broadband, phone, television and mobile services.

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