Telecom Plus (LON:TEP) Posts Earnings Results

Telecom Plus (LON:TEP) announced its quarterly earnings results on Wednesday. The company reported GBX 102.20 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 194.11 billion during the quarter. Telecom Plus had a net margin of 3.51% and a return on equity of 27.40%.

Telecom Plus Stock Performance

Shares of TEP stock opened at GBX 727 on Wednesday. The company has a 50 day moving average price of GBX 1,102.78 and a 200-day moving average price of GBX 1,263.31. Telecom Plus has a 52 week low of GBX 638 and a 52 week high of GBX 2,065. The firm has a market capitalization of £580.40 million, a PE ratio of 8.83, a P/E/G ratio of 2.86 and a beta of 0.42. The company has a quick ratio of 1.28, a current ratio of 1.97 and a debt-to-equity ratio of 101.39.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,000 price objective on shares of Telecom Plus in a research report on Wednesday, May 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,400.

Insider Activity at Telecom Plus

In related news, insider Stuart Burnett bought 27,601 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of GBX 703 per share, with a total value of £194,035.03. Also, insider Nick Schoenfeld bought 27,973 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of GBX 708 per share, with a total value of £198,048.84. Insiders bought 579,125 shares of company stock valued at $410,818,365 over the last ninety days. Company insiders own 13.79% of the company’s stock.

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.