Talktalk Telecom Group (LON:TALK) Given “Buy” Rating at Deutsche Bank

Talktalk Telecom Group (LON:TALK)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a report released on Monday, November 12th. They presently have a GBX 173 ($2.26) price objective on the stock. Deutsche Bank’s price objective indicates a potential upside of 44.65% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Barclays raised shares of Talktalk Telecom Group to an “overweight” rating and boosted their price target for the stock from GBX 130 ($1.70) to GBX 150 ($1.96) in a report on Thursday, August 23rd. Macquarie reissued an “outperform” rating and issued a GBX 150 ($1.96) price target on shares of Talktalk Telecom Group in a report on Friday, November 9th. Numis Securities reissued a “reduce” rating on shares of Talktalk Telecom Group in a report on Wednesday, July 18th. Morgan Stanley boosted their price target on shares of Talktalk Telecom Group from GBX 120 ($1.57) to GBX 125 ($1.63) and gave the stock an “equal weight” rating in a report on Tuesday, August 14th. Finally, UBS Group reissued a “neutral” rating on shares of Talktalk Telecom Group in a report on Monday, October 8th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Talktalk Telecom Group currently has an average rating of “Hold” and an average price target of GBX 117.92 ($1.54).

Shares of TALK traded up GBX 0.40 ($0.01) during trading hours on Monday, hitting GBX 119.60 ($1.56). The stock had a trading volume of 1,058,218 shares, compared to its average volume of 3,760,000. Talktalk Telecom Group has a fifty-two week low of GBX 88.60 ($1.16) and a fifty-two week high of GBX 220 ($2.87).

In other Talktalk Telecom Group news, insider Charles W. Dunstone purchased 307,085 shares of Talktalk Telecom Group stock in a transaction dated Monday, November 26th. The shares were acquired at an average price of GBX 112 ($1.46) per share, with a total value of £343,935.20 ($449,412.26). Also, insider Charles W. Dunstone purchased 379,593 shares of Talktalk Telecom Group stock in a transaction dated Friday, November 23rd. The shares were acquired at an average cost of GBX 117 ($1.53) per share, for a total transaction of £444,123.81 ($580,326.42).

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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Analyst Recommendations for Talktalk Telecom Group (LON:TALK)

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