Telecom Plus (LON:TEP) Given Buy Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of Telecom Plus (LON:TEP) in a research note published on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 2,600 price objective on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,600.

Telecom Plus Stock Up 1.4%

Shares of Telecom Plus stock opened at GBX 1,848 on Tuesday. The business’s fifty day moving average price is GBX 1,852.76 and its two-hundred day moving average price is GBX 1,892.28. The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29. The company has a market capitalization of £1.48 billion, a P/E ratio of 1,943.22, a PEG ratio of 2.86 and a beta of 0.57. Telecom Plus has a 1-year low of GBX 1,580 and a 1-year high of GBX 2,100.

Insiders Place Their Bets

In other news, insider Nick Schoenfeld sold 5,798 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of GBX 1,988, for a total value of £115,264.24. Also, insider Stuart Burnett sold 8,642 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of GBX 1,988, for a total value of £171,802.96. 13.79% of the stock is currently owned by insiders.

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.