Telecom Plus (LON:TEP) Insider Buys 637 Shares

Telecom Plus Plc (LON:TEP) insider Gemma Godfrey bought 637 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of GBX 870 per share, for a total transaction of £5,541.90.

Gemma Godfrey also recently made the following trade(s):

• On Wednesday, June 24th, Gemma Godfrey purchased 1,367 shares of Telecom Plus stock. The stock was bought at an average cost of GBX 726 per share, with a total value of £9,924.42.

Telecom Plus Stock Down 0.5%

TEP traded down GBX 4 during trading on Tuesday, reaching GBX 861. 8,248,047 shares of the stock traded hands, compared to its average volume of 2,387,730. Telecom Plus Plc has a fifty-two week low of GBX 638 and a fifty-two week high of GBX 1,936. The stock’s 50-day simple moving average is GBX 889 and its two-hundred day simple moving average is GBX 1,151.21. The company has a debt-to-equity ratio of 87.91, a current ratio of 1.58 and a quick ratio of 1.28. The stock has a market cap of £683.56 million, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP) last released its earnings results on Wednesday, June 24th. The company reported GBX 102.20 earnings per share (EPS) for the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%.The firm had revenue of GBX 194.11 billion for the quarter. As a group, equities research analysts expect that Telecom Plus Plc will post 118.0645161 EPS for the current year.

Wall Street Analysts Forecast Growth

TEP has been the subject of several analyst reports. Berenberg Bank lowered Telecom Plus to a “buy” rating and decreased their target price for the stock from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft cut shares of Telecom Plus to a “hold” rating and reduced their price target for the company from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,500.

Telecom Plus Company Profile

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.