Telecom plus PLC (TEP) Price Target Lowered to GBX 1,350 at J P Morgan Chase & Co

Telecom plus PLC (LON:TEP) had its target price trimmed by J P Morgan Chase & Co from GBX 1,360 ($17.33) to GBX 1,350 ($17.20) in a research report report published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the stock.

TEP has been the subject of several other reports. Macquarie boosted their price objective on Telecom plus PLC from GBX 1,325 ($16.88) to GBX 1,380 ($17.58) and gave the company an outperform rating in a report on Monday, April 10th. FinnCap reissued a buy rating and issued a GBX 1,360 ($17.33) price objective on shares of Telecom plus PLC in a report on Monday, March 27th. Finally, Peel Hunt lowered Telecom plus PLC to an add rating and boosted their price objective for the company from GBX 1,300 ($16.56) to GBX 1,360 ($17.33) in a report on Tuesday, June 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Telecom plus PLC presently has a consensus rating of Hold and a consensus target price of GBX 1,255 ($15.99).

Analyst Recommendations for Telecom plus PLC (LON:TEP)

Shares of Telecom plus PLC (TEP) opened at 1203.00 on Wednesday. Telecom plus PLC has a 12 month low of GBX 799.89 and a 12 month high of GBX 1,342.00. The firm’s market capitalization is GBX 963.27 million. The company has a 50 day moving average price of GBX 1,263.31 and a 200-day moving average price of GBX 1,223.35.

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The business also recently announced a dividend, which will be paid on Friday, July 28th. Stockholders of record on Thursday, July 6th will be issued a dividend of GBX 25 ($0.32) per share. The ex-dividend date of this dividend is Thursday, July 6th. This is a positive change from Telecom plus PLC’s previous dividend of $23.00. This represents a dividend yield of 2.08%.

Telecom plus PLC Company Profile

Telecom Plus PLC is engaged in providing landline telephony (calls and line rental), broadband, mobile, gas, electricity and CashBack card services. The Company’s segments include Customer Acquisition and Customer Management. The Customer Acquisition segment includes the sale of marketing materials, and sale of equipment, such as mobile phone handsets and wireless Internet routers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:TEP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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