The stock of Talktalk Telecom Group PLC (LON:TALK) hit a new 52-week low and has GBX 144.52 target or 8.00% below today’s GBX 157.09 share price. The 9 months bearish chart indicates high risk for the GBX 1.50B company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 144.52 price target is reached, the company will be worth GBX 120.00M 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 increased 0.70% or GBX 1.09 on November 28, hitting GBX 157.09. About 5.06 million shares traded hands or 104.03% up from the average. Talktalk Telecom Group PLC (LON:TALK) has declined 41.66% since April 29, 2016 and is downtrending. It has underperformed by 47.67% 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. GBX 500 is the highest target while GBX 21 is the lowest. The GBX 241.05 average target is 53.45% above today’s (GBX 157.09) stock price. TalkTalk Telecom Group PLC has been the topic of 97 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, September 7. Barclays Capital maintained Talktalk Telecom Group PLC (LON:TALK) rating on Thursday, October 15. Barclays Capital has “Overweight” rating and GBX 500 price target. The firm has “Neutral” rating by JP Morgan given on Wednesday, July 13. The stock of Talktalk Telecom Group PLC (LON:TALK) has “Neutral” rating given on Thursday, November 12 by Citigroup. The firm earned “Underperform” rating on Tuesday, June 21 by Jefferies. The rating was maintained by Nomura with “Reduce” on Monday, November 9. The firm earned “Sell” rating on Wednesday, February 10 by Haitong Securities. The stock has “Outperform” rating given by Credit Suisse on Monday, October 19. The rating was maintained by Haitong Securities on Wednesday, March 23 with “Sell”. The company was maintained on Thursday, November 12 by Goldman Sachs.
TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The company has a market cap of 1.50 billion GBP. The Firm serves over four million residential and business clients under the TalkTalk and TalkTalk Business brands. It has a 50.33 P/E ratio. TalkTalk residential packages offer broadband, phone, television and mobile services.