Deutsche Bank Aktiengesellschaft Lowers Telecom Plus (LON:TEP) Price Target to GBX 2,000

Telecom Plus (LON:TEP) had its price objective lowered by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 2,580 to GBX 2,000 in a research note issued on Tuesday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 37.75% from the company’s current price.

Other analysts have also issued reports about the company. Berenberg Bank restated a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Peel Hunt reissued a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 2,400.

Telecom Plus Trading Up 0.5%

TEP stock traded up GBX 7.88 during midday trading on Tuesday, reaching GBX 1,451.88. The company’s stock had a trading volume of 257,241 shares, compared to its average volume of 196,097. Telecom Plus has a 52 week low of GBX 1,426 and a 52 week high of GBX 2,100. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52. The stock has a market cap of £1.16 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The business’s 50-day simple moving average is GBX 1,767.27 and its 200-day simple moving average is GBX 1,878.04.

Telecom Plus (LON:TEP) last posted its quarterly earnings results on Tuesday, November 25th. The company reported GBX 31.50 earnings per share for the quarter. Telecom Plus had a return on equity of 31.35% and a net margin of 3.48%. As a group, sell-side analysts expect that Telecom Plus will post 118.0645161 EPS for the current year.

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.