MARKET TALK: TalkTalk's 1Q Results Look Fine - Evolution

30th Jul 2010 07:29

0629 GMT [Dow Jones] TalkTalk's (TALK.LN) 1Q results "look fine" and broadly in line with expectations, says Evolution Securities analyst Steve Malcolm. 1Q revenue of GBP444M is GBP1 million above consensus, while broadband average revenue per user is 4p below consensus, he notes. "If there is any criticism at all, or any niggles, it is just that the mix between the B2B and the consumer business is probably a little bit more skewed towards B2B," he adds. The group has said it is on track to deliver its fiscal 2011 guidance, Malcolm says. The deal with Vodafone (VOD.LN) was "widely expected", Malcolm retains. He retains a buy rating on TalkTalk and 161p target price. Stock closed at 123p Thursday. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 30, 2010 02:29 ET (06:29 GMT)