Insider Buying: Telecom Plus (LON:TEP) Insider Buys £24,930.40 in Stock

Telecom Plus Plc (LON:TEPGet Free Report) insider Carla Stent purchased 2,833 shares of the company’s stock in a transaction on Friday, July 17th. The stock was bought at an average cost of GBX 880 per share, for a total transaction of £24,930.40.

Telecom Plus Trading Up 0.7%

Shares of TEP opened at GBX 886 on Monday. The business’s 50-day moving average price is GBX 929.58 and its 200 day moving average price is GBX 1,190.08. The company has a current ratio of 1.58, a quick ratio of 1.28 and a debt-to-equity ratio of 87.91. The stock has a market capitalization of £703.40 million, a P/E ratio of 8.87, a P/E/G ratio of 2.86 and a beta of 0.43. Telecom Plus Plc has a 1-year low of GBX 638 and a 1-year high of GBX 2,040.

Telecom Plus (LON:TEPGet Free Report) last announced its earnings results on Wednesday, June 24th. The company reported GBX 102.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 194.11 billion for the quarter. Telecom Plus had a net margin of 4.16% and a return on equity of 32.38%. Analysts expect that Telecom Plus Plc will post 118.0645161 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TEP shares. Deutsche Bank Aktiengesellschaft downgraded Telecom Plus to a “hold” rating and cut their price target for the stock from GBX 1,300 to GBX 700 in a research note on Wednesday, July 1st. Berenberg Bank downgraded Telecom Plus to a “buy” rating and dropped their price objective for the stock from GBX 2,600 to GBX 1,200 in a report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,500.

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Telecom Plus Company Profile

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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. Telecom Plus Plc was incorporated in 1996 and is based in London, the United Kingdom.

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Insider Buying and Selling by Quarter for Telecom Plus (LON:TEP)

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