Could Talktalk Telecom Group PLC Decline After Today’s Huge Increase?

 Could Talktalk Telecom Group PLC Decline After Today's Huge Increase?

The stock of Talktalk Telecom Group PLC (LON:TALK) is a huge mover today! The stock decreased 1.19% or GBX 1.93 on November 30, hitting GBX 160.07. About 5.59 million shares traded hands or 113.36% up from the average. Talktalk Telecom Group PLC (LON:TALK) has declined 38.17% since May 3, 2016 and is downtrending. It has underperformed by 43.39% the S&P500.
The move comes after 5 months positive chart setup for the GBX 1.53 billion company. It was reported on Nov, 30 by We have GBX 174.48 PT which if reached, will make LON:TALK worth GBX 137.70 million more.

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 97 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, February 2 by UBS. As per Tuesday, January 26, the company rating was maintained by Barclays Capital. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, November 11. Berenberg downgraded Talktalk Telecom Group PLC (LON:TALK) rating on Monday, November 30. Berenberg has “Sell” rating and GBX 208 price target. RBC Capital Markets maintained Talktalk Telecom Group PLC (LON:TALK) on Thursday, November 12 with “Sector Perform” rating. The firm has “Underperform” rating given on Thursday, September 3 by Jefferies. As per Thursday, September 15, the company rating was maintained by Haitong Securities. Deutsche Bank maintained the shares of TALK in a report on Thursday, July 21 with “Buy” rating. Nomura maintained the stock with “Reduce” rating in Monday, November 9 report. The firm has “Neutral” rating by UBS given on Monday, January 11.

TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The company has a market cap of 1.53 billion GBP. The Firm serves over four million residential and business clients under the TalkTalk and TalkTalk Business brands. It has a 51.29 P/E ratio. TalkTalk residential packages offer broadband, phone, television and mobile services.

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