Telecom Plus (LON:TEP) Hits New 1-Year High – What’s Next?

Telecom Plus Plc (LON:TEP)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,100 ($28.69) and last traded at GBX 2,042.50 ($27.91), with a volume of 174909 shares changing hands. The stock had previously closed at GBX 2,075 ($28.35).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on Telecom Plus in a research report on Wednesday, May 7th. They set a “buy” rating and a GBX 2,600 ($35.52) price objective for the company.

Telecom Plus Trading Down 0.1%

The stock has a market cap of £1.55 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The stock has a 50-day moving average price of GBX 1,971.02 and a two-hundred day moving average price of GBX 1,793.79. The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29.

Telecom Plus (LON:TEP) last released its quarterly earnings results on Tuesday, June 24th. The company reported GBX 119.20 ($1.63) earnings per share (EPS) for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. Sell-side analysts forecast that Telecom Plus Plc will post 118.0645161 earnings per share for the current fiscal year.

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.