Telenet Group (OTCMKTS:TLGHY – Get Rating) had its price target trimmed by Deutsche Bank Aktiengesellschaft from €28.00 ($28.57) to €24.00 ($24.49) in a report released on Thursday, The Fly reports. The firm currently has a hold rating on the stock.
Several other research firms also recently issued reports on TLGHY. Credit Suisse Group downgraded shares of Telenet Group from an outperform rating to a neutral rating in a research note on Tuesday. Jefferies Financial Group cut shares of Telenet Group from a buy rating to a hold rating in a report on Friday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Telenet Group from €42.00 ($42.86) to €25.00 ($25.51) in a report on Wednesday, June 29th. Finally, The Goldman Sachs Group reaffirmed a neutral rating on shares of Telenet Group in a report on Friday, August 12th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Telenet Group presently has an average rating of Hold and a consensus price target of $33.80.
Telenet Group Stock Performance
OTCMKTS TLGHY opened at $12.75 on Thursday. Telenet Group has a 1 year low of $12.75 and a 1 year high of $12.75. The company has a fifty day moving average of $12.75 and a two-hundred day moving average of $14.40.
Telenet Group Company Profile
Telenet Group Holding NV provides basic and enhanced video services to residential and business customers in Belgium and Luxembourg. The company offers high definition, pay television, and video-on-demand services; broadband Internet services; fixed-line and mobile telephony voice and data services; interconnection services; and value-added services, such as hosting, managed security, and cloud services.
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