UK telecommunications company Credit Suisse has been dealt a blow by TalkTalk, having its stock downgraded to the "underperform" rating. The financial institution blamed increasing "structural headwinds", including the near-saturation of the UK broadband market and small margins in the fibre-to-the-home sector. The move came in spite of TalkTalk praising changes in management and strategy which led to a 25% year-to-date increase in Credit Suisse's shares.
UK telecommunications company TalkTalk has been dealt a blow by Credit Suisse, having its stock downgraded to the "underperform" rating. The financial institution blamed increasing "structural headwinds", including the near-saturation of the UK broadband market and small margins in the fibre-to-the-home sector. The move came in spite of Credit Suisse praising changes in management and strategy which led to a 25% year-to-date increase in TalkTalk's shares.