TalkTalk Still challenged, but now in the price: Back to Neutral
After the disclosure last week from TalkTalk and liaising with the company, we have fully reviewed our model and publish new numbers. Although the business still faces a difficult future and management ability to hit past guidance has been poor, we move from Underweight back to Neutral given the sharp recent decline seen in the bond pricing.
TalkTalk Telecom Group provides telecommunication services to retail and B2B customers. Co. provides customers a range of Fixed Low Price Plans, which comprised of: Fast Broadband, a broadband plan designed to cater for the needs of individual users or households that do not require increased download speeds available via a fibre connection; and Faster Fibre Broadband, a broadband plan designed for households with a number of devices that need to be connected to the internet at the same time. In the Direct channel, Co. provides a range of data connectivity solutions, from business broadband and fibre, through to Ethernet circuits and Wide Area Networks.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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