Insider Selling: Telecom Plus (LON:TEP) Insider Sells 40,854 Shares

Telecom Plus Plc (LON:TEP) insider Stuart Burnett sold 40,854 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 867, for a total transaction of £354,204.18.

Stuart Burnett also recently made the following trade(s):

• On Wednesday, August 19th, Stuart Burnett bought 28,125 shares of Telecom Plus stock. The shares were bought at an average cost of GBX 1 per share, for a total transaction of £281.25.
• On Wednesday, August 19th, Stuart Burnett sold 8,832 shares of Telecom Plus stock. The shares were sold at an average price of GBX 867, for a total value of £76,573.44.
• On Tuesday, June 23rd, Stuart Burnett acquired 22,184 shares of Telecom Plus stock. The shares were purchased at an average price of GBX 704 per share, for a total transaction of £156,175.36.
• On Tuesday, June 23rd, Stuart Burnett bought 27,601 shares of Telecom Plus stock. The stock was purchased at an average cost of GBX 703 per share, with a total value of £194,035.03.

Telecom Plus Stock Performance

Shares of TEP stock opened at GBX 874 on Thursday. The firm has a market capitalization of £682.24 million, a price-to-earnings ratio of 8.75, a PEG ratio of 2.86 and a beta of 0.43. The company has a current ratio of 1.58, a quick ratio of 1.28 and a debt-to-equity ratio of 87.91. The business’s 50-day moving average price is GBX 856.08 and its 200-day moving average price is GBX 1,109.66. Telecom Plus Plc has a 12 month low of GBX 638 and a 12 month high of GBX 1,914.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on TEP shares. Berenberg Bank cut Telecom Plus to a “buy” rating and cut their price target for the stock from GBX 2,600 to GBX 1,200 in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft downgraded Telecom Plus to a “hold” rating and decreased their price target for the stock 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Telecom Plus 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.