Deutsche Bank Aktiengesellschaft Cuts Telecom Plus (LON:TEP) Price Target to GBX 2,000

Telecom Plus (LON:TEP) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 2,580 to GBX 2,000 in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

TEP has been the subject of a number of other reports. Peel Hunt restated a “buy” rating and set a GBX 2,600 price objective on shares of Telecom Plus in a report on Tuesday, November 25th. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 price target on shares of Telecom Plus in a research report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Telecom Plus has a consensus rating of “Buy” and a consensus price target of GBX 2,400.

Telecom Plus Trading Down 1.7%

Shares of TEP stock opened at GBX 1,428 on Tuesday. The firm’s 50-day simple moving average is GBX 1,751.51 and its 200-day simple moving average is GBX 1,871.95. The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29. Telecom Plus has a 1-year low of GBX 1,388 and a 1-year high of GBX 2,100. The firm has a market cap of £1.14 billion, a P/E ratio of 17.35, a PEG ratio of 2.86 and a beta of 0.57.

Telecom Plus (LON:TEP) last released its earnings results on Tuesday, November 25th. The company reported GBX 31.50 earnings per share (EPS) for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. As a group, equities analysts forecast that Telecom Plus will post 118.0645161 EPS for the current year.

About Telecom Plus

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.