Berenberg Bank Reaffirms “Buy” Rating for Telecom Plus (LON:TEP)

Telecom Plus (LON:TEP)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a GBX 2,600 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 60.88% from the company’s previous close.

Separately, Peel Hunt restated a “buy” rating and set a GBX 2,600 price objective on shares of Telecom Plus in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Telecom Plus presently has a consensus rating of “Buy” and an average price target of GBX 2,600.

Telecom Plus Stock Performance

TEP stock opened at GBX 1,616.13 on Tuesday. The firm has a market cap of £1.29 billion, a P/E ratio of 16.99, a P/E/G ratio of 2.86 and a beta of 0.57. The stock’s 50 day simple moving average is GBX 1,791.35 and its 200 day simple moving average is GBX 1,890.89. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 77.52. Telecom Plus has a 12-month low of GBX 1,580 and a 12-month high of GBX 2,100.

Telecom Plus (LON:TEP) last posted its quarterly earnings results on Tuesday, November 25th. The company reported GBX 31.50 earnings per share (EPS) for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. As a group, equities research analysts predict that Telecom Plus will post 118.0645161 EPS 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.