Talktalk Telecom Group PLC (LON:TALK) Earns Underweight Rating from J P Morgan Chase & Co

Talktalk Telecom Group PLC (LON:TALK)‘s stock had its “underweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a report released on Thursday, July 20th. They presently have a GBX 150 ($1.95) price target on the stock. J P Morgan Chase & Co’s price objective suggests a potential downside of 22.56% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 225 ($2.93) price target on shares of Talktalk Telecom Group PLC in a report on Thursday, July 20th. BNP Paribas reiterated an “underperform” rating and set a GBX 150 ($1.95) price target on shares of Talktalk Telecom Group PLC in a report on Tuesday, July 18th. Macquarie downgraded Talktalk Telecom Group PLC to an “underperform” rating and set a GBX 150 ($1.95) price target for the company. in a report on Monday, July 17th. Credit Suisse Group decreased their price target on Talktalk Telecom Group PLC from GBX 260 ($3.39) to GBX 210 ($2.73) and set an “outperform” rating for the company in a report on Wednesday, July 12th. Finally, Deutsche Bank AG decreased their price target on Talktalk Telecom Group PLC from GBX 280 ($3.65) to GBX 230 ($3.00) and set a “buy” rating for the company in a report on Monday, June 26th. Nine investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 172.94 ($2.25).

Shares of Talktalk Telecom Group PLC (TALK) traded up 0.52% during trading on Thursday, hitting GBX 193.70. 511,022 shares of the stock traded hands. The company has a 50-day moving average of GBX 183.18 and a 200-day moving average of GBX 178.29. The firm’s market cap is GBX 1.84 billion. Talktalk Telecom Group PLC has a 52 week low of GBX 144.96 and a 52 week high of GBX 248.70.

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In related news, insider Tristia Harrison sold 25,650 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of GBX 168 ($2.19), for a total transaction of £43,092 ($56,116.68).

Talktalk Telecom Group PLC 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.

Analyst Recommendations for Talktalk Telecom Group PLC (LON:TALK)

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