Telecom Plus Plc (LON:TEP – Get Free Report) insider Charles Wigoder bought 500,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of GBX 710 per share, for a total transaction of £3,550,000.
Telecom Plus Stock Down 25.7%
TEP traded down GBX 246 during mid-day trading on Tuesday, reaching GBX 710. 2,811,462 shares of the stock were exchanged, compared to its average volume of 1,639,656. The company has a 50 day moving average price of GBX 1,115.90 and a two-hundred day moving average price of GBX 1,268.53. The stock has a market capitalization of £566.83 million, a PE ratio of 8.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.42. The company has a debt-to-equity ratio of 101.39, a quick ratio of 1.28 and a current ratio of 1.97. Telecom Plus Plc has a 1 year low of GBX 643 and a 1 year high of GBX 2,100.
Analysts Set New Price Targets
TEP has been the subject of several recent research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 2,600 price target on shares of Telecom Plus in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,000 target price on shares of Telecom Plus in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,400.
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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