Telenet Group Holding NV (OTCMKTS:TLGHY) Receives $40.00 Average PT from Brokerages

Telenet Group Holding NV (OTCMKTS:TLGHY) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $41.00.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Telenet Group from a “buy” rating to a “hold” rating in a report on Thursday, December 9th. HSBC lowered Telenet Group from a “buy” rating to a “hold” rating in a research note on Friday, October 29th. New Street Research raised Telenet Group from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Tuesday, November 2nd. Barclays reduced their price objective on Telenet Group from €44.00 ($50.00) to €42.00 ($47.73) and set an “overweight” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Telenet Group in a research note on Wednesday, December 1st.

OTCMKTS TLGHY opened at $17.95 on Wednesday. The company has a fifty day moving average price of $18.00 and a 200-day moving average price of $18.58. Telenet Group has a 1 year low of $17.00 and a 1 year high of $22.89.

The firm also recently disclosed a dividend, which was paid on Wednesday, December 22nd. Shareholders of record on Tuesday, December 7th were given a $1.5978 dividend. This represents a yield of 8.68%. The ex-dividend date of this dividend was Monday, December 6th. This is an increase from Telenet Group’s previous dividend of $0.84.

About Telenet Group

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.

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Analyst Recommendations for Telenet Group (OTCMKTS:TLGHY)

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