Telecom plus PLC (TEP) Given Consensus Rating of “Buy” by Brokerages
Telecom plus PLC (LON:TEP) has received a consensus rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 1,322.50 ($17.80).
TEP has been the subject of a number of research analyst reports. Peel Hunt restated an “add” rating and set a GBX 1,360 ($18.30) price objective on shares of Telecom plus in a report on Monday, November 20th. Macquarie upped their price objective on Telecom plus from GBX 1,380 ($18.57) to GBX 1,435 ($19.31) and gave the stock an “outperform” rating in a report on Friday, September 8th. Royal Bank of Canada upgraded Telecom plus to an “outperform” rating and upped their price objective for the stock from GBX 1,050 ($14.13) to GBX 1,400 ($18.84) in a report on Monday, October 9th. FinnCap restated a “buy” rating and set a GBX 1,390 ($18.71) price objective on shares of Telecom plus in a report on Tuesday, November 21st. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a GBX 1,350 ($18.17) price objective on shares of Telecom plus in a report on Wednesday, November 22nd.
Shares of Telecom plus (LON:TEP) opened at GBX 1,194 ($16.07) on Friday. The company has a market capitalization of $935.80 and a price-to-earnings ratio of 3,061.54. Telecom plus has a twelve month low of GBX 1,035 ($13.93) and a twelve month high of GBX 1,342 ($18.06).
About Telecom plus
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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