Talktalk Telecom Group (LON:TALK) Cut to “Sell” at UBS Group

UBS Group lowered shares of Talktalk Telecom Group (LON:TALK) to a sell rating in a research report sent to investors on Wednesday, Stock Target Advisor reports. They currently have GBX 101 ($1.33) price target on the stock, down from their prior price target of GBX 107 ($1.41).

Other equities research analysts also recently issued reports about the company. Berenberg Bank started coverage on Talktalk Telecom Group in a research report on Wednesday, January 15th. They issued a sell rating and a GBX 80 ($1.05) target price on the stock. HSBC upgraded Talktalk Telecom Group to a hold rating and boosted their target price for the stock from GBX 95 ($1.25) to GBX 115 ($1.51) in a research report on Monday, February 3rd. Deutsche Bank reiterated a buy rating on shares of Talktalk Telecom Group in a research report on Wednesday, January 29th. Barclays reiterated an overweight rating and issued a GBX 150 ($1.97) target price on shares of Talktalk Telecom Group in a research report on Tuesday, February 4th. Finally, Macquarie upgraded Talktalk Telecom Group to an outperform rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 118.14 ($1.55).

LON:TALK opened at GBX 113.90 ($1.50) on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 400.38. The company has a market capitalization of $1.31 billion and a P/E ratio of 36.74. Talktalk Telecom Group has a 12 month low of GBX 95.45 ($1.26) and a 12 month high of GBX 128.50 ($1.69). The business’s 50-day moving average is GBX 116.66 and its 200 day moving average is GBX 109.28.

In related news, insider Tristia Harrison acquired 171,970 shares of Talktalk Telecom Group stock in a transaction on Friday, January 31st. The shares were bought at an average cost of GBX 116 ($1.53) per share, with a total value of £199,485.20 ($262,411.47).

About Talktalk Telecom Group

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.

Recommended Story: What is the Beige Book?

Analyst Recommendations for Talktalk Telecom Group (LON:TALK)

Receive News & Ratings for Talktalk Telecom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talktalk Telecom Group and related companies with MarketBeat.com's FREE daily email newsletter.