Telecom Plus (LON:TEP) Insider Purchases £5,611.50 in Stock

Telecom Plus Plc (LON:TEP) insider Phil Bunker acquired 645 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of GBX 870 per share, with a total value of £5,611.50.

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

• On Tuesday, July 14th, Phil Bunker acquired 4,017 shares of Telecom Plus stock. The shares were purchased at an average cost of GBX 881 per share, with a total value of £35,389.77.
• On Tuesday, July 14th, Phil Bunker bought 1,638 shares of Telecom Plus stock. The stock was purchased at an average price of GBX 880 per share, for a total transaction of £14,414.40.

Telecom Plus Stock Performance

Shares of LON TEP opened at GBX 865 on Friday. The company has a debt-to-equity ratio of 87.91, a current ratio of 1.58 and a quick ratio of 1.28. Telecom Plus Plc has a one year low of GBX 638 and a one year high of GBX 1,936. The business’s 50-day moving average price is GBX 878.40 and its two-hundred day moving average price is GBX 1,140.42. The company has a market capitalization of £686.73 million, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

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

Wall Street Analyst Weigh In

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