Telecom plus PLC (TEP) Insider Sells £293,882.90 in Stock
Telecom plus PLC (LON:TEP) insider Andrew Lindsay sold 25,226 shares of Telecom plus PLC stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of GBX 1,165 ($15.09), for a total value of £293,882.90 ($380,677.33).
Shares of Telecom plus PLC (LON:TEP) opened at 1162.00 on Tuesday. The firm’s market cap is GBX 931.63 million. The company has a 50-day moving average price of GBX 1,250.57 and a 200-day moving average price of GBX 1,221.36. Telecom plus PLC has a 12 month low of GBX 984.50 and a 12 month high of GBX 1,342.00.
The company also recently declared a dividend, which will be paid on Friday, July 28th. Investors of record on Thursday, July 6th will be paid a dividend of GBX 25 ($0.32) per share. This is an increase from Telecom plus PLC’s previous dividend of $23.00. This represents a yield of 2.08%. The ex-dividend date of this dividend is Thursday, July 6th.
TRADEMARK VIOLATION WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/04/telecom-plus-plc-tep-insider-sells-293882-90-in-stock.html.
A number of brokerages recently issued reports on TEP. Macquarie lifted their target price on Telecom plus PLC from GBX 1,325 ($17.16) to GBX 1,380 ($17.88) and gave the company an “outperform” rating in a research report on Monday, April 10th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 1,360 ($17.62) target price on shares of Telecom plus PLC in a research report on Friday, April 28th. FinnCap reissued a “buy” rating and issued a GBX 1,360 ($17.62) target price on shares of Telecom plus PLC in a research report on Monday, March 27th. Finally, Peel Hunt lowered Telecom plus PLC to an “add” rating and lifted their target price for the company from GBX 1,300 ($16.84) to GBX 1,360 ($17.62) in a research report on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,296 ($16.79).
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.
Receive News & Ratings for Telecom plus PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom plus PLC and related companies with MarketBeat.com's FREE daily email newsletter.