Telecom Plus (LON:TEP) Insider Stuart Burnett Sells 40,854 Shares

Key Points

• Telecom Plus insider Stuart Burnett sold 40,854 shares at GBX 867 each, worth approximately £354,204. He also sold an additional 8,832 shares the same day while acquiring 28,125 shares at GBX 1.
• Telecom Plus shares opened at GBX 874, with a market capitalization of approximately £682 million. The stock is down sharply from its 52-week high of GBX 1,914 and trades below its 200-day moving average.
• Analyst sentiment remains moderately positive, with two Buy ratings and one Hold rating, but recent target-price cuts reduced the consensus target to GBX 1,500.

Telecom Plus Plc (LON:TEP - Get Free Report) insider Stuart Burnett sold 40,854 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of GBX 867, for a total value of £354,204.18.

Stuart Burnett also recently made the following trade(s):

• On Wednesday, August 19th, Stuart Burnett acquired 28,125 shares of Telecom Plus stock. The shares were purchased at an average cost of GBX 1 per share, for a total transaction of £281.25.
• On Wednesday, August 19th, Stuart Burnett sold 8,832 shares of Telecom Plus stock. The stock was sold at an average price of GBX 867, for a total transaction of £76,573.44.
• On Tuesday, June 23rd, Stuart Burnett purchased 22,184 shares of Telecom Plus stock. The stock was purchased at an average price of GBX 704 per share, for a total transaction of £156,175.36.
• On Tuesday, June 23rd, Stuart Burnett bought 27,601 shares of Telecom Plus stock. The shares were acquired at an average cost of GBX 703 per share, with a total value of £194,035.03.

Telecom Plus Stock Down 0.1%

Telecom Plus stock opened at GBX 874 on Thursday. The firm has a market capitalization of £682.24 million, a price-to-earnings ratio of 8.75, a PEG ratio of 2.86 and a beta of 0.43. Telecom Plus Plc has a fifty-two week low of GBX 638 and a fifty-two week high of GBX 1,914. The company has a debt-to-equity ratio of 87.91, a current ratio of 1.58 and a quick ratio of 1.28. The company's 50 day simple moving average is GBX 856.08 and its 200 day simple moving average is GBX 1,109.66.

Telecom Plus (LON:TEP - Get Free Report) last issued 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 net margin of 4.16% and a return on equity of 32.38%. The company had revenue of GBX 194.11 billion during the quarter. As a group, sell-side analysts anticipate that Telecom Plus Plc will post 118.0645161 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TEP shares. Deutsche Bank Aktiengesellschaft downgraded Telecom Plus to a "hold" rating and decreased their target price for the company from GBX 1,300 to GBX 700 in a research report on Wednesday, July 1st. Berenberg Bank downgraded shares of Telecom Plus to a "buy" rating and dropped their price target for the company from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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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