Telecom plus PLC Upgraded by FinnCap to “Buy” (TEP)
Telecom plus PLC (LON:TEP) was upgraded by stock analysts at FinnCap from a “hold” rating to a “buy” rating in a report issued on Tuesday, AmericanBankingNews.com reports. The firm currently has a GBX 1,400 ($22.46) price objective on the stock. FinnCap’s price objective would suggest a potential upside of 12.90% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “corporate” rating on shares of Telecom plus PLC in a research note to investors on Tuesday.
Telecom plus PLC (LON:TEP) traded up 9.55% on Tuesday, hitting GBX 1358.38. 117,654 shares of the company’s stock traded hands. Telecom plus PLC has a one year low of GBX 820.50 and a one year high of GBX 1423.00. The stock has a 50-day moving average of GBX 1357.43 and a 200-day moving average of GBX 1236.. The company’s market cap is £952.3 million.
Telecom Plus PLC provides a range of services to households and small- to medium-sized businesses. The Company is engaged in supply of fixed telephony, mobile telephony, gas, electricity and Internet services.
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