Insider Buying: Telecom Plus (LON:TEP) Insider Acquires 2,833 Shares of Stock

Key Points

• Telecom Plus insider buying: Insider Carla Stent bought 2,833 shares on July 17 at GBX 880 each, for a total of about £24,930. This is the key transaction highlighted in the article.
• Stock and financial snapshot: Telecom Plus shares recently opened at GBX 886, below both the 50-day and 200-day moving averages. The company has a market cap of about £703.4 million and reported quarterly EPS of GBX 102.20.
• Analyst sentiment has weakened: Berenberg and Deutsche Bank both cut their ratings and price targets, though the stock still carries a consensus rating of Moderate Buy with a GBX 1,500 target price.

Telecom Plus Plc (LON:TEP - Get Free Report) insider Carla Stent purchased 2,833 shares of the firm's stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average cost of GBX 880 per share, with a total value of £24,930.40.

Telecom Plus Stock Performance

Telecom Plus stock opened at GBX 886 on Monday. The stock's 50 day moving average price is GBX 929.58 and its 200 day moving average price is GBX 1,190.08. Telecom Plus Plc has a one year low of GBX 638 and a one year high of GBX 2,040. The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58. The firm has a market capitalization of £703.40 million, a PE ratio of 8.87, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP - Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The company reported GBX 102.20 EPS for the quarter. The firm had revenue of GBX 194.11 billion during the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%. As a group, sell-side analysts expect that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Berenberg Bank lowered Telecom Plus to a "buy" rating and lowered their target price for the company from GBX 2,600 to GBX 1,200 in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft downgraded Telecom Plus to a "hold" rating and cut their price target for the stock from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,500.

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.

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