Talktalk Telecom Group PLC (LON:TALK) Receives Consensus Rating of “Hold” from Analysts

Shares of Talktalk Telecom Group PLC (LON:TALK) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 107.29 ($1.37).

Several equities research analysts have recently commented on the stock. UBS Group restated a “neutral” rating on shares of Talktalk Telecom Group in a report on Monday, June 8th. Jefferies Financial Group reduced their price target on shares of Talktalk Telecom Group from GBX 79 ($1.01) to GBX 71 ($0.90) and set an “underperform” rating for the company in a report on Tuesday. Goldman Sachs Group reduced their price target on shares of Talktalk Telecom Group from GBX 90 ($1.15) to GBX 75 ($0.95) and set a “sell” rating for the company in a report on Monday, April 6th. Morgan Stanley reduced their price target on shares of Talktalk Telecom Group from GBX 125 ($1.59) to GBX 115 ($1.46) and set an “equal weight” rating for the company in a report on Thursday, May 21st. Finally, Barclays reduced their price target on shares of Talktalk Telecom Group from GBX 130 ($1.65) to GBX 120 ($1.53) and set an “overweight” rating for the company in a report on Thursday, June 11th.

Talktalk Telecom Group has a twelve month low of GBX 67.20 ($0.86) and a twelve month high of GBX 125.50 ($1.60). The firm’s fifty day moving average is GBX 89.99 and its 200-day moving average is GBX 99.88. The company has a market cap of $1.01 billion and a price-to-earnings ratio of 28.32. The company has a quick ratio of 0.47, a current ratio of 0.57 and a debt-to-equity ratio of 248.77.

The business also recently announced a dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 1.58%. The ex-dividend date is Thursday, July 9th. This is an increase from Talktalk Telecom Group’s previous dividend of $1.00. Talktalk Telecom Group’s payout ratio is currently 22.73%.

In related news, insider Tristia Harrison bought 223,045 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of GBX 89 ($1.13) per share, with a total value of £198,510.05 ($252,653.75). Also, insider Roger Taylor bought 768,649 shares of the company’s stock in a transaction on Friday, June 12th. The shares were bought at an average cost of GBX 96 ($1.22) per share, for a total transaction of £737,903.04 ($939,166.40).

About Talktalk Telecom Group

TalkTalk Telecom Group PLC provides fixed line, TV, and mobile telecommunications services for residential, retail, and business customers in the United Kingdom. It offers landline, broadband, fiber, TV, and mobile services, including fixed price plans and unlimited broadband usage, as well as HomeSafe, a network-based security and filtering system.

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Analyst Recommendations for Talktalk Telecom Group (LON:TALK)

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