Telecom Plus (LON:TEP – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX 102.20 EPS for the quarter, Digital Look Earnings reports. The business 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%.
Telecom Plus Trading Up 1.1%
Shares of TEP opened at GBX 781.79 on Friday. The company has a market capitalization of £624.15 million, a PE ratio of 9.50, a price-to-earnings-growth ratio of 2.86 and a beta of 0.42. 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 has a fifty-two week low of GBX 638 and a fifty-two week high of GBX 2,065. The stock has a fifty day moving average of GBX 1,078.78 and a two-hundred day moving average of GBX 1,254.12.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TEP. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 2,000 price objective on shares of Telecom Plus in a research note on Wednesday, May 6th. Berenberg Bank lowered shares of Telecom Plus to a “buy” rating and lowered their target price for the stock from GBX 2,600 to GBX 1,200 in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,933.33.
Insider Activity at Telecom Plus
In related news, insider Charles Wigoder bought 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of GBX 710 per share, with a total value of £3,550,000. Also, insider Gemma Godfrey purchased 1,367 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was bought at an average price of GBX 726 per share, for a total transaction of £9,924.42. In the last quarter, insiders purchased 579,125 shares of company stock worth $410,818,365. 13.79% of the stock is owned by insiders.
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.
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