Deutsche Bank Aktiengesellschaft Trims Telenet Group (OTCMKTS:TLGHY) Target Price to €24.00

Telenet Group (OTCMKTS:TLGHYGet 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

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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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