A Lower Rating Has Been Given to TalkTalk Telecom Group PLC (LON:TALK) By a Berenberg. GBX 208.00 is The TP

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TalkTalk Telecom Group PLC (LON:TALK) Receives a Downgrade

Berenberg has cut their stock rating for shares of TalkTalk Telecom Group PLC (LON:TALK) to a Sell in analysts note made public on Monday, 30 November, and has just set an estimated 12-month Estimated Target Price at GBX 208.00. This target is -14.79% from TALK’s current share price.

From a total of 14 analysts covering TalkTalk Telecom Group PLC (LON:TALK) stock, 5 rate it a ”Buy”, 3 a “Sell”, and 6 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 500 while the lowest target price is GBX 190. The mean of all analyst targets is GBX 306.85 with a 25.71% above today’s (GBX 244.1) stock price. TalkTalk Telecom Group PLC was the topic of 33 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on November 27 with “Sell” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 400 target share price in a report from a November 12. Goldman Sachs maintained TALK stock in a recent report from November 12 with “Buy” rating. Credit Suisse maintained the rating on November 11. Credit Suisse has a “Outperform” rating and a GBX 400 price target on shares. Finally, Nomura maintained the stock with “Reduce” rating in a report issued on a November 12.

The stock decreased 2.36% or GBX 5.9 on November 27, striking GBX 244.1. Approximately shares of stock traded hands. Talktalk Telecom Group PLC (LON:TALK) has declined 32.14% since May 1, 2015 and is downtrending. It has underperformed by 31.25% the S&P500.

 A Lower Rating Has Been Given to TalkTalk Telecom Group PLC (LON:TALK) By a Berenberg. GBX 208.00 is The TP

TalkTalk Telecom Group PLC is a United Kingdom well-known provider of fixed line broadband, voice telephony, mobile and television services. The company has a market cap of 2.33 billion GBP. The Firm serves approximately four million residential and business clients under the TalkTalk and TalkTalk Business brands. It has 45.98 P/E ratio. The Company, through blinkbox Entertainment Limited , provides multi-device, multi-platform video content.

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