Telecom Plus (LON:TEP) Lowered to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Telecom Plus (LON:TEP – Get Free Report) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft to a “hold” rating in a report issued on Wednesday,Digital Look reports. They presently have a GBX 700 target price on the stock, down from their prior target price of GBX 1,300. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 2.91% from the company’s current price.

Separately, Berenberg Bank cut Telecom Plus to a “buy” rating and reduced their target price for the company from GBX 2,600 to GBX 1,200 in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,500.

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Telecom Plus Stock Down 3.0%

Shares of LON:TEP traded down GBX 22 during trading on Wednesday, hitting GBX 721. The company’s stock had a trading volume of 2,289,294 shares, compared to its average volume of 2,670,312. The company has a market capitalization of £575.61 million, a PE ratio of 8.76, a PEG ratio of 2.86 and a beta of 0.42. Telecom Plus has a fifty-two week low of GBX 638 and a fifty-two week high of GBX 2,065. 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 stock’s 50-day moving average price is GBX 1,042.60 and its two-hundred day moving average price is GBX 1,240.97.

Telecom Plus (LON:TEP – Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The company reported GBX 102.20 earnings per share for the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%.The firm had revenue of GBX 194.11 billion during the quarter. As a group, sell-side analysts expect that Telecom Plus will post 118.0645161 EPS for the current year.

Insider Activity at Telecom Plus

In related news, insider Nick Schoenfeld purchased 27,973 shares of Telecom Plus stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 708 per share, with a total value of £198,048.84. Also, insider Charles Wigoder purchased 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of GBX 710 per share, with a total value of £3,550,000. Over the last three months, insiders acquired 579,125 shares of company stock worth $410,818,365. 13.79% of the stock is currently owned by company insiders.

About Telecom Plus

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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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