Telecom Plus (LON:TEP) Insider Nick Schoenfeld Sells 22,624 Shares of Stock

Key Points

• Insider transaction: Telecom Plus director Nick Schoenfeld sold 22,624 shares at GBX 871 each, worth approximately £197,055. He also made several purchases and another sale on August 19.
• Stock performance: Telecom Plus opened at GBX 874, with a market capitalization of about £682 million and a one-year trading range of GBX 638 to GBX 1,914.
• Analyst outlook: Analysts have a “Moderate Buy” consensus, with an average price target of GBX 1,500, although Berenberg and Deutsche Bank recently cut their ratings and price targets.

Telecom Plus Plc (LON:TEP - Get Free Report) insider Nick Schoenfeld sold 22,624 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of GBX 871, for a total value of £197,055.04.

Nick Schoenfeld also recently made the following trade(s):

• On Wednesday, August 19th, Nick Schoenfeld acquired 56,250 shares of Telecom Plus stock. The shares were purchased at an average price of GBX 1 per share, for a total transaction of £562.50.
• On Wednesday, August 19th, Nick Schoenfeld acquired 8,216 shares of Telecom Plus stock. The stock was purchased at an average price of GBX 5 per share, for a total transaction of £410.80.
• On Wednesday, August 19th, Nick Schoenfeld sold 3,974 shares of Telecom Plus stock. The stock was sold at an average price of GBX 871, for a total value of £34,613.54.
• On Tuesday, June 23rd, Nick Schoenfeld bought 27,973 shares of Telecom Plus stock. The shares were acquired at an average price of GBX 708 per share, with a total value of £198,048.84.

Telecom Plus Price Performance

TEP opened at GBX 874 on Thursday. The company has a 50-day moving average of GBX 856.08 and a 200-day moving average of GBX 1,109.66. The company has a market capitalization of £682.24 million, a P/E ratio of 8.75, a PEG ratio of 2.86 and a beta of 0.43. Telecom Plus Plc has a 1-year low of GBX 638 and a 1-year high of GBX 1,914. The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Berenberg Bank lowered Telecom Plus to a "buy" rating and reduced their price target for the company from GBX 2,600 to GBX 1,200 in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lowered shares of Telecom Plus to a "hold" rating and cut their price objective for the company from GBX 1,300 to GBX 700 in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 1,500.

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.

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