TalkTalk bounces back after downgrade as RBC Capital says the stock has been oversold
RBC Capital told investors the stock, up 3p at 122p, had been oversold, upgrading it to ‘outperform’
Company
Talktalk Telecom Group PLC
LON:TALK
We operate the UK’s most extensive Next Generation Network. We use this advanced network to provide our customers with a range of clear, consistent value for money broadband, voice and associated services.
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Investments and investor services
FTSE 100 closes in red but broadcaster ITV shines
Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower - down around 58 points at 20,185.
Exane BNP Paribas thinks TalkTalk shares could be worth just 30p each in a ‘bear case’ scenario
the French broker chopped its target price for the FTSE 250 listed firm back by 35% to 90p, down from 140p previously, helping the stock to drop by over 8% to 119.7p
Investors hang up on TalkTalk as Exane slashes price target and forecasts another cut to the divi
Some of the main news-driven share price changes in London on Wednesday ...
Carphone Warehouse fined £400,000 for lax information technology safeguards
“We accept today’s decision by the ICO and have co-operated fully throughout its investigation into the illegal cyber-attack on a specific system within one of Carphone Warehouse’s UK divisions in 2015," said Carphone Warehouse.
City broker reckons TalkTalk will breach its bond covenants next year if it doesn’t chop divi by 40%
Last month, analysts at Citi said dividend would likely need to be chopped if TalkTalk wanted to avoid breaching its debt covenants, now it's the turn of Jefferies' number crunchers
Barclays Capitals cuts targets, estimates for BT Group and TalkTalk in European sector review
The bank’s analysts reduced their target price for BT to 350p from 420p, albeit with the shares currently changing hands at 263.95p each, up 0.5% or 1.2p on last night’s close
Citi reckons Talktalk will have to cut its dividend again to stop it from breaching debt covenants
“On our estimates the group will exceed 3.0x EBITDA in March 2018 (3.11x) and will also exceed 2.75x in March 2019 (2.88x) implying Senior Note covenants might prevent payment of a dividend”
TalkTalk shares walk lower after RBC Capital downgrade
TalkTalk was downgraded to 'sector perform' by RBC Capital
Savannah Resources soars as it receives environmental permits for high-grade copper deposits in Oman
Some of the main news-driven risers and fallers in London on Wednesday ...
TalkTalk in the red as it swings to a half-year loss and trims outlook on restructuring costs
TalkTalk reported a loss and lower revenues in the first half
Investments and investor services
FTSE 100 joins global sell-off to close lower
Data out yesterday suggested Chinese industrial production growth is starting to slow, which is bad news for miners, but Fresnillo topped Footsie today
Archive
Talktalk Telecom to shed light on its growing B2B unit
Growth in the business unit might ease some of the pain from lower revenues and earnings
TalkTalk slumps after Barclays downgrades to 'equal weight' on valuation grounds
TalkTalk's revenues are expected to improve in the second quarter after the telecoms provider hiked prices for its customers in August
Aldermore Group jumps as South Africa's FirstRand Ltd confirms its £1.08bn bid
A look at some of the biggest risers and fallers today in London
FTSE 100 ends week on a dull note
After looking like it might regain par, the Footsie faded in the final 15 minutes of trade
BT Group faces higher capital expenditure and loss of wholesale customers, says Citigroup
Citgroup has downgraded its rating on BT Group and TalkTalk
FTSE 100 closes in negative territory as pound strengthens
The FTSE 100 index closed 14.98 down at 7,507, above the day’s low of 7,496.14, and well below the opening high of 7,523.65
FTSE 100 closes up but optimism not "particularly high"
FTSE 100 ended in positive territory, having been lower earlier,..
BT Group’s Openreach subsidiary reportedly in talks with Vodafone about a joint investment in new ultrafast fibre-optic broadband
The Daily Telegraph said the two companies are in what are described by industry sources as “early but serious” discussions about coming to build large-scale new infrastructure to replace ageing copper phone lines