Talktalk Telecom Group (LON:TALK) Stock Price Crosses Above Two Hundred Day Moving Average of $111.53

Talktalk Telecom Group PLC (LON:TALK) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $111.53 and traded as high as $110.50. Talktalk Telecom Group shares last traded at $110.20, with a volume of 633,711 shares changing hands.

TALK has been the subject of several research reports. UBS Group reissued a “neutral” rating and set a GBX 110 ($1.44) price objective (down previously from GBX 120 ($1.57)) on shares of Talktalk Telecom Group in a report on Thursday, June 20th. Morgan Stanley reissued an “equal weight” rating on shares of Talktalk Telecom Group in a report on Monday, July 15th. Barclays reissued an “overweight” rating on shares of Talktalk Telecom Group in a report on Thursday, July 18th. Finally, Deutsche Bank reissued a “buy” rating on shares of Talktalk Telecom Group in a report on Thursday, July 18th. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Talktalk Telecom Group has an average rating of “Hold” and a consensus target price of GBX 117.63 ($1.54).

The company has a debt-to-equity ratio of 294.44, a quick ratio of 0.44 and a current ratio of 0.62. The firm’s fifty day simple moving average is GBX 104.18 and its 200 day simple moving average is GBX 111.53. The firm has a market cap of $1.26 billion and a P/E ratio of 39.36.

In other Talktalk Telecom Group news, insider Charles W. Dunstone purchased 3,000,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of GBX 104 ($1.36) per share, with a total value of £3,120,000 ($4,076,832.61).

About Talktalk Telecom Group (LON:TALK)

TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The Company serves over four million residential and business customers under the TalkTalk and TalkTalk Business brands. TalkTalk residential packages offer broadband, phone, television and mobile services.

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