Telecom Plus (LON:TEP) Releases Earnings Results

Telecom Plus (LON:TEP) issued its earnings results on Wednesday. The company reported GBX 102.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 194.11 billion for the quarter. Telecom Plus had a net margin of 3.51% and a return on equity of 27.40%.

Telecom Plus Price Performance

Shares of LON:TEP opened at GBX 726 on Wednesday. The company’s fifty day moving average is GBX 1,102.78 and its two-hundred day moving average is GBX 1,263.31. The company has a market cap of £579.60 million, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.42. Telecom Plus has a 12-month low of GBX 638 and a 12-month high of GBX 2,065. The company has a quick ratio of 1.28, a current ratio of 1.97 and a debt-to-equity ratio of 101.39.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TEP. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 price target on shares of Telecom Plus in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 2,000 price objective on shares of Telecom Plus in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,400.

Insiders Place Their Bets

In other Telecom Plus news, insider Nick Schoenfeld purchased 27,973 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 708 per share, for a total transaction of £198,048.84. Also, insider Stuart Burnett purchased 22,184 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 704 per share, for a total transaction of £156,175.36. In the last ninety days, insiders acquired 579,125 shares of company stock worth $410,818,365. 13.79% of the stock is currently owned by corporate insiders.

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. Telecom Plus Plc was incorporated in 1996 and is based in London, the United Kingdom.