Macquarie Lowers Talktalk Telecom Group PLC (TALK) to Neutral

Macquarie cut shares of Talktalk Telecom Group PLC (LON:TALK) to a neutral rating in a report published on Thursday, May 11th, Marketbeat reports. They currently have GBX 150 ($1.90) price objective on the stock, down from their previous price objective of GBX 240 ($3.04).

TALK has been the topic of a number of other research reports. HSBC Holdings plc cut their target price on Talktalk Telecom Group PLC from GBX 230 ($2.91) to GBX 175 ($2.21) and set a hold rating on the stock in a research report on Wednesday, January 25th. BNP Paribas restated an underperform rating and issued a GBX 160 ($2.02) price target on shares of Talktalk Telecom Group PLC in a research report on Wednesday, January 25th. Deutsche Bank AG restated a buy rating and issued a GBX 280 ($3.54) price target on shares of Talktalk Telecom Group PLC in a research report on Tuesday, May 2nd. Jefferies Group LLC dropped their price target on Talktalk Telecom Group PLC from GBX 140 ($1.77) to GBX 125 ($1.58) and set an underperform rating on the stock in a research report on Tuesday, January 24th. Finally, Beaufort Securities restated a buy rating and issued a GBX 185 ($2.34) price target on shares of Talktalk Telecom Group PLC in a research report on Thursday, February 2nd. Seven investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 178.33 ($2.26).

Shares of Talktalk Telecom Group PLC (LON:TALK) opened at 182.10 on Thursday. The stock’s market cap is GBX 1.73 billion. The firm’s 50-day moving average price is GBX 177.99 and its 200 day moving average price is GBX 173.30. Talktalk Telecom Group PLC has a 1-year low of GBX 144.96 and a 1-year high of GBX 248.70.

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The company also recently disclosed a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, July 6th will be issued a dividend of GBX 5 ($0.06) per share. The ex-dividend date is Thursday, July 6th. This represents a dividend yield of 2.96%.

In other news, insider Tristia Harrison sold 25,650 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of GBX 168 ($2.13), for a total transaction of £43,092 ($54,512.33).

About Talktalk Telecom Group PLC

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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