Telecom Plus (LON:TEP) Announces Quarterly Earnings Results

Telecom Plus (LON:TEP) announced its earnings results on Wednesday. The company reported GBX 102.20 EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 194.11 billion during the quarter. Telecom Plus had a return on equity of 27.40% and a net margin of 3.51%.

Telecom Plus Stock Performance

LON:TEP opened at GBX 726 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.28 and a debt-to-equity ratio of 101.39. The company has a market capitalization of £579.60 million, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.42. The firm has a 50-day moving average price of GBX 1,102.78 and a two-hundred day moving average price of GBX 1,263.31. Telecom Plus has a twelve month low of GBX 638 and a twelve month high of GBX 2,065.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 price target on shares of Telecom Plus in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 2,000 price objective on shares of Telecom Plus in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Telecom Plus presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,400.

Insider Buying and Selling at Telecom Plus

In related news, insider Nick Schoenfeld acquired 27,973 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of GBX 708 per share, for a total transaction of £198,048.84. Also, insider Stuart Burnett bought 27,601 shares of Telecom Plus stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of GBX 703 per share, for a total transaction of £194,035.03. In the last quarter, insiders acquired 579,125 shares of company stock valued at $410,818,365. Company insiders own 13.79% of the company’s stock.

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