Telenet Group Holding NV (OTCMKTS:TLGHY) Receives Average Rating of “Buy” from Analysts

Shares of Telenet Group Holding NV (OTCMKTS:TLGHYGet Rating) have been assigned a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $40.67.

A number of research analysts have issued reports on TLGHY shares. Morgan Stanley decreased their price target on shares of Telenet Group from €44.00 ($45.83) to €40.00 ($41.67) and set an “overweight” rating for the company in a report on Thursday, March 17th. Citigroup raised shares of Telenet Group from a “neutral” rating to a “buy” rating in a report on Wednesday, February 16th. Barclays cut shares of Telenet Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Telenet Group from €43.00 ($44.79) to €42.00 ($43.75) in a research report on Tuesday, May 3rd.

OTCMKTS:TLGHY opened at $12.75 on Tuesday. Telenet Group has a 52 week low of $12.75 and a 52 week high of $12.75. The firm has a 50 day moving average of $17.40 and a 200 day moving average of $17.80.

The business also recently declared a dividend, which will be paid on Thursday, May 19th. Stockholders of record on Tuesday, May 3rd will be paid a $0.4701 dividend. This represents a dividend yield of 5.37%. The ex-dividend date is Monday, May 2nd.

About Telenet Group (Get Rating)

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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Analyst Recommendations for Telenet Group (OTCMKTS:TLGHY)

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