Talktalk Telecom Group PLC (LON:TALK) insider Charles W. Dunstone bought 1,000,000 shares of the stock in a transaction on Monday, June 29th. The stock was purchased at an average price of GBX 86 ($1.06) per share, for a total transaction of £860,000 ($1,058,331.28).
LON:TALK opened at GBX 87.05 ($1.07) on Tuesday. The firm has a market capitalization of $975.48 million and a P/E ratio of 6.45. The company has a quick ratio of 0.47, a current ratio of 0.57 and a debt-to-equity ratio of 248.77. The company has a fifty day moving average of GBX 90.04 and a 200 day moving average of GBX 99.79. Talktalk Telecom Group PLC has a 52 week low of GBX 67.20 ($0.83) and a 52 week high of GBX 125.50 ($1.54).
The company also recently disclosed a dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a GBX 1.50 ($0.02) dividend. This is a boost from Talktalk Telecom Group's previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, July 9th. This represents a dividend yield of 1.58%. Talktalk Telecom Group's payout ratio is presently 22.73%.
TALK has been the subject of several research reports. Deutsche Bank cut their target price on shares of Talktalk Telecom Group from GBX 200 ($2.46) to GBX 175 ($2.15) and set a "buy" rating for the company in a research report on Friday, June 19th. Barclays cut their price objective on Talktalk Telecom Group from GBX 130 ($1.60) to GBX 120 ($1.48) and set an "overweight" rating for the company in a report on Thursday, June 11th. UBS Group reissued a "neutral" rating on shares of Talktalk Telecom Group in a report on Monday, June 8th. Jefferies Financial Group lowered their price objective on shares of Talktalk Telecom Group from GBX 79 ($0.97) to GBX 71 ($0.87) and set an "underperform" rating for the company in a report on Tuesday, June 23rd. Finally, Morgan Stanley reduced their price objective on Talktalk Telecom Group from GBX 125 ($1.54) to GBX 115 ($1.42) and set an "equal weight" rating on the stock in a research note on Thursday, May 21st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of "Hold" and a consensus target price of GBX 104.75 ($1.29).
About Talktalk Telecom Group
TalkTalk Telecom Group PLC provides fixed line, TV, and mobile telecommunications services for residential, retail, and business customers in the United Kingdom. It offers landline, broadband, fiber, TV, and mobile services, including fixed price plans and unlimited broadband usage, as well as HomeSafe, a network-based security and filtering system.
See Also: Liquidity
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