Is TalkTalk Telecom Group PLC (LON:TALK) Now a Buy? How Analysts Rate it and Why Bank of America Merrill Lynch Upgraded The Stock

June 13, 2018 - By Rusty Cady

TalkTalk Telecom Group PLC (LON:TALK) Logo

TalkTalk Telecom Group PLC (LON:TALK) Stock Upgrade

Shares of TalkTalk Telecom Group PLC (LON:TALK) were increased to a solid “Buy” rating by investment analysts working for Bank of America Merrill Lynch. TALK’s previous rating has been discontinued by the firm.

TalkTalk Telecom Group PLC (LON:TALK) Ratings Coverage

Among 11 analysts covering TalkTalk Telecom Group PLC (LON:TALK), 3 have Buy rating, 4 Sell and 4 Hold. Therefore 27% are positive. TalkTalk Telecom Group PLC has GBX 180 highest and GBX 85 lowest target. GBX 115’s average target is -8.80% below currents GBX 126.1 stock price. TalkTalk Telecom Group PLC had 24 analyst reports since January 16, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Monday, March 26 by Deutsche Bank. The rating was upgraded by RBC Capital Markets on Thursday, February 1 to “Outperform”. The stock of TalkTalk Telecom Group PLC (LON:TALK) has “Equal Weight” rating given on Friday, January 19 by Barclays Capital. The rating was upgraded by Numis Securities on Tuesday, May 22 to “Sell”. The stock of TalkTalk Telecom Group PLC (LON:TALK) earned “Equal Weight” rating by Barclays Capital on Monday, June 4. Bank of America upgraded the shares of TALK in report on Wednesday, June 13 to “Buy” rating. The stock of TalkTalk Telecom Group PLC (LON:TALK) earned “Buy” rating by Deutsche Bank on Monday, June 11. As per Monday, March 19, the company rating was maintained by JP Morgan. The firm has “Underperform” rating by BNP Paribas given on Wednesday, April 4. RBC Capital Markets downgraded TalkTalk Telecom Group PLC (LON:TALK) on Friday, April 13 to “Sector Performer” rating.

The stock increased 7.23% or GBX 8.5 during the last trading session, reaching GBX 126.1. About 3.83M shares traded or 27.08% up from the average. TalkTalk Telecom Group PLC (LON:TALK) has 0.00% since June 13, 2017 and is . It has underperformed by 12.57% the S&P500.

TalkTalk Telecom Group PLC provides fixed line, TV, and mobile telecommunications services. The company has market cap of 1.44 billion GBP. It offers landline, broadband, fiber, TV, and mobile services, including fixed price plans and unlimited broadband usage, as well as HomeSafe, a network security and filtering system. It currently has negative earnings. The firm also provides various business-grade communications services and products, including Internet access, data, voice, and mobile.

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