Telecom Plus (LON:TEP) Stock Rating Lowered by Berenberg Bank

Telecom Plus (LON:TEP) was downgraded by equities research analysts at Berenberg Bank to a “buy” rating in a research note issued on Thursday,Digital Look reports. They currently have a GBX 1,200 target price on the stock, down from their previous target price of GBX 2,600. Berenberg Bank’s target price points to a potential upside of 58.45% from the stock’s current price.

Separately, 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,933.33.

Telecom Plus Trading Up 1.4%

TEP opened at GBX 757.34 on Thursday. The firm has a market cap of £604.62 million, a PE ratio of 9.20, a price-to-earnings-growth ratio of 2.86 and a beta of 0.42. Telecom Plus has a twelve month low of GBX 638 and a twelve month high of GBX 2,065. The company has a debt-to-equity ratio of 101.39, a quick ratio of 1.28 and a current ratio of 1.97. The firm’s fifty day moving average is GBX 1,090.68 and its two-hundred day moving average is GBX 1,258.51.

Telecom Plus (LON:TEP) last posted its earnings results on Wednesday, June 24th. The company reported GBX 102.20 earnings per share for the quarter. Telecom Plus had a return on equity of 27.40% and a net margin of 3.51%.The firm had revenue of GBX 194.11 billion for the quarter. Equities research analysts anticipate that Telecom Plus will post 118.0645161 EPS for the current year.

Insider Buying and Selling at Telecom Plus

In other Telecom Plus news, insider Stuart Burnett acquired 27,601 shares of Telecom Plus stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of GBX 703 per share, for a total transaction of £194,035.03. Also, insider Charles Wigoder acquired 500,000 shares of Telecom Plus stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 710 per share, with a total value of £3,550,000. Insiders acquired a total of 579,125 shares of company stock worth $410,818,365 in the last three months. 13.79% of the stock is currently owned by company insiders.

Key Telecom Plus News

Here are the key news stories impacting Telecom Plus this week:

• Positive Sentiment: The company reported record-style full-year earnings, with EPS of GBX 102.20, revenue of GBX 194.11 billion, a 3.51% net margin, and 27.40% return on equity, which supports the case for solid underlying profitability. Telecom Plus Raises Profits, Announces £40m Buyback and Sets Out Ambitious Five-Year Growth Strategy (TEP)
• Positive Sentiment: Management also announced a £40 million buyback and outlined a five-year growth strategy, which can be seen as shareholder-friendly and supportive of long-term earnings growth. Telecom Plus Raises Profits, Announces £40m Buyback and Sets Out Ambitious Five-Year Growth Strategy (TEP)
• Positive Sentiment: Multiple insiders bought shares, including Chairman Charles Wigoder, Nick Schoenfeld, Gemma Godfrey, and Stuart Burnett, signaling management confidence in the stock at current levels. Telecom Plus (LON:TEP) Insider Purchases 27,973 Shares
• Neutral Sentiment: Analyst coverage remains mixed but constructive, with a “Moderate Buy” consensus and an average target price well above the current share price, though one major broker still rates it Hold.
• Negative Sentiment: Investors appear concerned that Telecom Plus plans to invest heavily in growing its customer network, which may pressure near-term margins and help explain why the stock has been weaker despite the strong earnings report. Telecom Plus plunges on plan to invest in growing customer network

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.