Telecom Plus (LON:TEP) Insider Buys 4,017 Shares

Telecom Plus Plc (LON:TEP) insider Phil Bunker purchased 4,017 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The shares were bought at an average cost of GBX 881 per share, with a total value of £35,389.77.

Phil Bunker also recently made the following trade(s):

• On Tuesday, July 14th, Phil Bunker purchased 1,638 shares of Telecom Plus stock. The stock was purchased at an average price of GBX 880 per share, with a total value of £14,414.40.

Telecom Plus Trading Up 0.2%

TEP traded up GBX 2 during trading on Tuesday, hitting GBX 877. 19,193,586 shares of the stock were exchanged, compared to its average volume of 2,660,605. The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58. The firm has a 50 day simple moving average of GBX 946.57 and a 200 day simple moving average of GBX 1,203.71. The firm has a market cap of £696.26 million, a price-to-earnings ratio of 8.78, 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:TEP) last posted its quarterly earnings results on Wednesday, June 24th. The company reported GBX 102.20 earnings per share (EPS) for the quarter. The business had revenue of GBX 194.11 billion for the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%. As a group, equities analysts expect that Telecom Plus Plc will post 118.0645161 EPS for the current year.

Analysts Set New Price Targets

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