Insider Buying: Telecom Plus (LON:TEP) Insider Acquires £24,930.40 in Stock

by · The Markets Daily

Telecom Plus Plc (LON:TEP – Get Free Report) insider Carla Stent acquired 2,833 shares of Telecom Plus stock in a transaction on Friday, July 17th. The shares were purchased at an average price of GBX 880 per share, for a total transaction of £24,930.40.

Telecom Plus Price Performance

Shares of TEP stock opened at GBX 873 on Thursday. Telecom Plus Plc has a twelve month low of GBX 638 and a twelve month high of GBX 2,040. The stock has a market capitalization of £693.08 million, a price-to-earnings ratio of 8.74, a P/E/G ratio of 2.86 and a beta of 0.43. The stock has a fifty day simple moving average of GBX 919.54 and a two-hundred day simple moving average of GBX 1,179.84. The company has a current ratio of 1.58, a quick ratio of 1.28 and a debt-to-equity ratio of 87.91.

Telecom Plus (LON:TEP – Get Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The company reported GBX 102.20 EPS for the quarter. The firm had revenue of GBX 194.11 billion for the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%. On average, analysts predict that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TEP. Berenberg Bank downgraded shares of Telecom Plus to a “buy” rating and cut their target price for the company from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft downgraded shares of Telecom Plus to a “hold” rating and dropped their price objective for the company from GBX 1,300 to GBX 700 in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,500.

Read Our Latest Stock Analysis on TEP

Telecom Plus Company Profile

(Get Free Report)

Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands. Telecom Plus Plc was incorporated in 1996 and is based in London, the United Kingdom.

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