Telecom Plus Plc (LON:TEP) Insider Sells £171,802.96 in Stock

Telecom Plus Plc (LON:TEP) insider Stuart Burnett sold 8,642 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of GBX 1,988 ($26.85), for a total value of £171,802.96 ($232,072.08).

Telecom Plus Trading Down 3.1%

TEP opened at GBX 1,930.76 ($26.08) on Friday. Telecom Plus Plc has a 52 week low of GBX 1,580 ($21.34) and a 52 week high of GBX 2,100 ($28.37). The business has a fifty day simple moving average of GBX 2,009.99 and a 200-day simple moving average of GBX 1,830.61. The firm has a market cap of £1.54 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.86 and a beta of 0.57. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52.

Telecom Plus (LON:TEP) last released its earnings results on Tuesday, June 24th. The company reported GBX 119.20 ($1.61) EPS for the quarter. Telecom Plus had a return on equity of 31.35% and a net margin of 3.48%. On average, equities analysts expect that Telecom Plus Plc will post 118.0645161 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on Telecom Plus in a report on Wednesday, May 7th. They issued a “buy” rating and a GBX 2,600 ($35.12) price target for the company.

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.