Telecom Plus (LON:TEP) Hits New 52-Week High - Here's Why

Telecom Plus Plc (LON:TEP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,100 ($28.82) and last traded at GBX 2,042.50 ($28.03), with a volume of 174909 shares traded. The stock had previously closed at GBX 2,075 ($28.48).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank began coverage on shares of Telecom Plus in a research report on Wednesday, May 7th. They issued a "buy" rating and a GBX 2,600 ($35.68) price objective on the stock.

Telecom Plus Stock Down 0.8%

The business's 50 day moving average is GBX 1,976.86 and its 200 day moving average is GBX 1,795.98. The company has a market capitalization of £1.52 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.86 and a beta of 0.57. The company has a debt-to-equity ratio of 77.52, a quick ratio of 1.29 and a current ratio of 1.77.

Telecom Plus (LON:TEP - Get Free Report) last released its earnings results on Tuesday, June 24th. The company reported GBX 119.20 ($1.64) EPS for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. Sell-side analysts anticipate that Telecom Plus Plc will post 118.0645161 earnings per share for the current 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.