Zacks Investment Research Lowers TALKTALK TELECO/ADR (OTCMKTS:TKTCY) to Sell

Zacks Investment Research cut shares of TALKTALK TELECO/ADR (OTCMKTS:TKTCY) from a hold rating to a sell rating in a research report report published on Friday, Zacks.com reports.

According to Zacks, “TalkTalk Telecom Group PLC is engaged in the business of fixed line voice and broadband telecommunications in the UK. The Company offers voice telephony, including line rental, calls, and added value services, such as voicemail; broadband Internet access services comprising email; and dial-up Internet access services to residential customers under the TalkTalk and AOL brand names. It also offers voice, data services, telephony systems, and mobile services, as well as information technology networking and security services to business customers under the Opal brand name. TalkTalk Telecom Group PLC is headquartered in London, the United Kingdom. “

TKTCY opened at $6.80 on Friday. The company has a market capitalization of $1.56 billion, a P/E ratio of 56.67, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54. The business’s 50 day simple moving average is $6.80. TALKTALK TELECO/ADR has a fifty-two week low of $6.80 and a fifty-two week high of $15.05.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, August 19th. Investors of record on Friday, July 5th will be paid a dividend of $0.084 per share. This is an increase from TALKTALK TELECO/ADR’s previous Semi-Annual dividend of $0.06. The ex-dividend date of this dividend is Wednesday, July 3rd. TALKTALK TELECO/ADR’s payout ratio is 141.67%.

TALKTALK TELECO/ADR Company Profile

TalkTalk Telecom Group PLC provides fixed line, TV, and mobile telecommunications services. 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. The company also provides various business-grade communications products and services, including Internet access, data, voice, and mobile.

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