Telecom Plus (LON:TEP) Insider Charles Wigoder Acquires 250,000 Shares of Stock

Telecom Plus Plc (LON:TEP) insider Charles Wigoder bought 250,000 shares of the business’s stock in a transaction on Friday, July 10th. The stock was bought at an average price of GBX 827 per share, for a total transaction of £2,067,500.

Charles Wigoder also recently made the following trade(s):

• On Tuesday, June 23rd, Charles Wigoder purchased 500,000 shares of Telecom Plus stock. The shares were purchased at an average price of GBX 710 per share, with a total value of £3,550,000.

Telecom Plus Stock Up 2.2%

Telecom Plus stock opened at GBX 851.35 on Friday. The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58. Telecom Plus Plc has a one year low of GBX 638 and a one year high of GBX 2,050. The company has a 50-day simple moving average of GBX 952.45 and a 200-day simple moving average of GBX 1,208.17. The firm has a market capitalization of £675.89 million, a P/E ratio of 8.52, a P/E/G ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP) last issued its quarterly earnings data on Wednesday, June 24th. The company reported GBX 102.20 earnings per share for the quarter. The firm 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%. As a group, equities analysts expect that Telecom Plus Plc will post 118.0645161 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TEP has been the topic of several analyst reports. Berenberg Bank cut Telecom Plus to a “buy” rating and lowered their target price for the company from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lowered Telecom Plus to a “hold” rating and reduced their price target for the stock from GBX 1,300 to GBX 700 in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Telecom Plus currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,500.

Telecom Plus Company Profile

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.