Peel Hunt Reiterates Buy Rating for Telecom plus PLC (TEP)
Telecom plus PLC (LON:TEP)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a note issued to investors on Monday. They presently have a GBX 1,300 ($16.24) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 7.08% from the company’s previous close.
Several other research analysts have also weighed in on TEP. FinnCap restated a “buy” rating and set a GBX 1,230 ($15.37) price objective on shares of Telecom plus PLC in a research note on Monday, August 15th. JPMorgan Chase & Co. boosted their price objective on shares of Telecom plus PLC from GBX 1,260 ($15.74) to GBX 1,290 ($16.12) and gave the stock an “overweight” rating in a research note on Wednesday, November 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,174 ($14.67).
Telecom plus PLC (LON:TEP) opened at 1211.988647 on Monday. Telecom plus PLC has a 52-week low of GBX 799.89 and a 52-week high of GBX 1,260.00. The company has a 50-day moving average of GBX 1,171.78 and a 200 day moving average of GBX 1,075.12. The firm’s market cap is GBX 969.63 million.
The business also recently announced a dividend, which will be paid on Friday, December 16th. Investors of record on Thursday, December 1st will be issued a dividend of GBX 23 ($0.29) per share. This represents a dividend yield of 1.89%. The ex-dividend date is Thursday, December 1st.
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About Telecom plus PLC
Telecom Plus PLC is engaged in providing landline telephony (calls and line rental), broadband, mobile, gas, electricity and CashBack card services. The Company’s segments include Customer Acquisition and Customer Management. The Customer Acquisition segment includes the sale of marketing materials, and sale of equipment, such as mobile phone handsets and wireless Internet routers.
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