Telecom plus PLC (TEP) Receives Consensus Recommendation of “Buy” from Brokerages
Telecom plus PLC (LON:TEP) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,241.67 ($16.06).
Several brokerages recently weighed in on TEP. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,360 ($17.59) price target on shares of Telecom plus PLC in a report on Friday, April 28th. FinnCap reiterated a “buy” rating and issued a GBX 1,360 ($17.59) price target on shares of Telecom plus PLC in a report on Thursday, April 20th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,300 ($16.81) price target on shares of Telecom plus PLC in a report on Thursday, April 20th. Macquarie increased their price target on shares of Telecom plus PLC from GBX 1,325 ($17.14) to GBX 1,380 ($17.85) and gave the stock an “outperform” rating in a report on Monday, April 10th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 1,000 ($12.93) price target on shares of Telecom plus PLC in a report on Thursday, February 9th.
Shares of Telecom plus PLC (LON:TEP) traded up 0.81% during mid-day trading on Friday, hitting GBX 1247.00. 43,404 shares of the stock were exchanged. The stock’s 50 day moving average is GBX 1,227.12 and its 200-day moving average is GBX 1,207.15. The stock’s market cap is GBX 997.90 million. Telecom plus PLC has a 12 month low of GBX 799.89 and a 12 month high of GBX 1,271.00.
Telecom plus PLC Company Profile
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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