Insider Buying: Telecom Plus (LON:TEP) Insider Purchases 27,601 Shares

Telecom Plus Plc (LON:TEP) insider Stuart Burnett purchased 27,601 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of GBX 703 per share, with a total value of £194,035.03.

Stuart Burnett also recently made the following trade(s):

• On Tuesday, June 23rd, Stuart Burnett acquired 22,184 shares of Telecom Plus stock. The stock was bought at an average cost of GBX 704 per share, with a total value of £156,175.36.

Telecom Plus Price Performance

TEP stock traded down GBX 246 during midday trading on Tuesday, reaching GBX 710. The company had a trading volume of 2,811,462 shares, compared to its average volume of 1,639,656. The company has a market capitalization of £566.83 million, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.42. The company has a debt-to-equity ratio of 101.39, a current ratio of 1.97 and a quick ratio of 1.28. Telecom Plus Plc has a 1-year low of GBX 643 and a 1-year high of GBX 2,100. The stock has a 50 day moving average price of GBX 1,115.90 and a 200-day moving average price of GBX 1,268.53.

Analyst Ratings Changes

TEP has been the topic of a number of research analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,000 target price on shares of Telecom Plus in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Telecom Plus presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,400.

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.