Insider Buying: Telecom Plus (LON:TEP) Insider Purchases £5,611.50 in Stock

Telecom Plus Plc (LON:TEP) insider Carla Stent acquired 645 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was purchased at an average cost of GBX 870 per share, with a total value of £5,611.50.

Carla Stent also recently made the following trade(s):

• On Friday, July 17th, Carla Stent acquired 2,833 shares of Telecom Plus stock. The shares were purchased at an average price of GBX 880 per share, for a total transaction of £24,930.40.

Telecom Plus Trading Up 0.7%

LON:TEP opened at GBX 865 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.58 and a debt-to-equity ratio of 87.91. The business’s 50 day moving average is GBX 878.40 and its two-hundred day moving average is GBX 1,140.42. Telecom Plus Plc has a 52 week low of GBX 638 and a 52 week high of GBX 1,936. The company has a market cap of £686.73 million, a PE ratio of 8.66, a P/E/G ratio of 2.86 and a beta of 0.43.

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

Analyst Upgrades and Downgrades

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