Telecom Plus (LON:TEP) Insider Phil Bunker Acquires 645 Shares of Stock

Telecom Plus Plc (LON:TEP) insider Phil Bunker purchased 645 shares of Telecom Plus stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of GBX 870 per share, for a total transaction of £5,611.50.

Phil Bunker also recently made the following trade(s):

• On Tuesday, July 14th, Phil Bunker acquired 4,017 shares of Telecom Plus stock. The stock was bought at an average price of GBX 881 per share, for a total transaction of £35,389.77.
• On Tuesday, July 14th, Phil Bunker purchased 1,638 shares of Telecom Plus stock. The stock was bought at an average price of GBX 880 per share, for a total transaction of £14,414.40.

Telecom Plus Price Performance

Shares of LON TEP traded down GBX 4 during mid-day trading on Tuesday, hitting GBX 861. 8,248,047 shares of the stock traded hands, compared to its average volume of 2,387,730. Telecom Plus Plc has a twelve month low of GBX 638 and a twelve month high of GBX 1,936. The firm has a 50 day simple moving average of GBX 889 and a two-hundred day simple moving average of GBX 1,151.21. The company has a debt-to-equity ratio of 87.91, a current ratio of 1.58 and a quick ratio of 1.28. The company has a market cap of £683.56 million, a PE ratio of 8.62, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP) last issued its earnings results on Wednesday, June 24th. The company reported GBX 102.20 earnings per share for the quarter. 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%. As a group, equities research analysts forecast that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TEP shares. Deutsche Bank Aktiengesellschaft downgraded shares of Telecom Plus to a “hold” rating and dropped their price objective for the stock from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Berenberg Bank downgraded shares of Telecom Plus to a “buy” rating and decreased their target price for the stock from GBX 2,600 to GBX 1,200 in a research note on Thursday, June 25th. 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, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,500.

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.