Brokerages Set Telenet Group Holding NV (OTCMKTS:TLGHY) Target Price at $20.50

Shares of Telenet Group Holding NV (OTCMKTS:TLGHY – Get Rating) have earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $20.50.

Separately, Citigroup lowered Telenet Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 4th.

Telenet Group Price Performance

Shares of TLGHY stock opened at $8.19 on Wednesday. The stock has a 50-day moving average of $8.19 and a 200-day moving average of $7.94. Telenet Group has a one year low of $6.53 and a one year high of $7.90.

Telenet Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 22nd. Shareholders of record on Thursday, May 4th were given a dividend of $0.2352 per share. This represents a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, May 3rd.

Telenet Group Company Profile

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Telenet Group Holding NV engages in the provision of cable television services. It offers basic and enhanced video, including high definition, pay television and video-on-demand services, high-speed broadband internet and fixed-line, and mobile telephony services to residential subscribers who reside in the company’s network area.