Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for Telecom Plus (LON:TEP)

Telecom Plus (LON:TEP)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 2,000 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 98.02% from the company’s current price.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 2,600 price target on shares of Telecom Plus in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Telecom Plus currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,400.

Telecom Plus Price Performance

LON TEP traded down GBX 156 during trading on Wednesday, hitting GBX 1,010. 1,972,511 shares of the stock traded hands, compared to its average volume of 1,617,625. The company has a market capitalization of £808.88 million, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 2.86 and a beta of 0.50. The firm has a 50-day simple moving average of GBX 1,326.85 and a 200-day simple moving average of GBX 1,440.58. The company has a quick ratio of 1.29, a current ratio of 1.97 and a debt-to-equity ratio of 101.39. Telecom Plus has a 12-month low of GBX 995 and a 12-month high of GBX 2,100.

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.