The stock of Talktalk Telecom Group PLC (LON:TALK) hit a new 52-week low and has GBX 174.26 target or 8.00% below today’s GBX 189.41 share price. The 7 months bearish chart indicates high risk for the GBX 1.81 billion company. The 1-year low was reported on Nov, 16 by Barchart.com. If the GBX 174.26 price target is reached, the company will be worth GBX 144.80M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.31% or GBX 0.59 on November 16, hitting GBX 189.41. About 2.86 million shares traded hands or 70.24% up from the average. Talktalk Telecom Group PLC (LON:TALK) has declined 23.76% since April 19, 2016 and is downtrending. It has underperformed by 28.44% the S&P500.
Talktalk Telecom Group PLC (LON:TALK) Ratings Coverage
Out of 20 analysts covering TalkTalk Telecom Group PLC (LON:TALK), 6 rate it a “Buy”, 5 “Sell”, while 9 “Hold”. This means 30% are positive. TalkTalk Telecom Group PLC has been the topic of 95 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Talktalk Telecom Group PLC (LON:TALK) on Tuesday, October 4 with “Buy” rating. Barclays Capital maintained it with “Overweight” rating and GBX 350 target price in Tuesday, October 4 report. UBS maintained the stock with “Overweight” rating in Tuesday, January 26 report. The firm has “Neutral” rating by JP Morgan given on Thursday, July 21. The firm earned “Reduce” rating on Thursday, November 12 by Nomura. Macquarie Research maintained the stock with “Outperform” rating in Monday, October 10 report. The stock has “Underperform” rating given by BNP Paribas on Wednesday, October 19. The firm has “Overweight” rating given on Wednesday, July 13 by Barclays Capital. HSBC maintained Talktalk Telecom Group PLC (LON:TALK) rating on Thursday, February 18. HSBC has “Hold” rating and GBX 225 price target. On Thursday, April 21 the stock rating was maintained by Credit Suisse with “Outperform”.
TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The company has a market cap of 1.81 billion GBP. The Firm serves over four million residential and business clients under the TalkTalk and TalkTalk Business brands. It has a 1076.2 P/E ratio. TalkTalk residential packages offer broadband, phone, television and mobile services.
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