Talktalk Telecom Group PLC (LON:TALK) Insider Charles W. Dunstone Acquires 1,000,000 Shares of Stock

Talktalk Telecom Group PLC (LON:TALK) insider Charles W. Dunstone acquired 1,000,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average cost of GBX 86 ($1.06) per share, with a total value of £860,000 ($1,058,331.28).

Shares of TALK opened at GBX 87.05 ($1.07) on Wednesday. The company has a market capitalization of $997.83 million and a price-to-earnings ratio of 6.59. 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 has a quick ratio of 0.47, a current ratio of 0.57 and a debt-to-equity ratio of 248.77. The stock has a 50 day moving average price of GBX 90.10 and a 200 day moving average price of GBX 99.69.

The business also recently disclosed a dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 1.58%. The ex-dividend date is Thursday, July 9th. This is an increase from Talktalk Telecom Group’s previous dividend of $1.00. Talktalk Telecom Group’s payout ratio is currently 22.73%.

TALK has been the topic of a number of research reports. Morgan Stanley decreased their price target 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. UBS Group reissued a “neutral” rating on shares of Talktalk Telecom Group in a research note on Monday, June 8th. Deutsche Bank dropped their target price on 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. Jefferies Financial Group reduced their price target on shares of Talktalk Telecom Group from GBX 79 ($0.97) to GBX 71 ($0.87) and set an “underperform” rating on the stock in a research report on Tuesday, June 23rd. Finally, Goldman Sachs Group dropped their price objective on shares of Talktalk Telecom Group from GBX 90 ($1.11) to GBX 75 ($0.92) and set a “sell” rating for the company in a report on Monday, April 6th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target 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.

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