Telecom Plus (LON:TEP) Rating Lowered to “Hold” at Deutsche Bank Aktiengesellschaft

Telecom Plus (LON:TEP) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft to a “hold” rating in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 700 price target on the stock, down from their prior price target of GBX 1,300. Deutsche Bank Aktiengesellschaft’s price target suggests a potential downside of 2.91% from the company’s current price.

Separately, Berenberg Bank cut Telecom Plus to a “buy” rating and dropped their target price for the company from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,500.

Telecom Plus Stock Down 3.0%

LON TEP traded down GBX 22 during trading hours on Wednesday, reaching GBX 721. 2,289,294 shares of the company’s stock traded hands, compared to its average volume of 2,670,312. The firm has a market cap of £575.61 million, a PE ratio of 8.76, a PEG ratio of 2.86 and a beta of 0.42. 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 firm has a 50-day simple moving average of GBX 1,042.60 and a 200 day simple moving average of GBX 1,240.97. Telecom Plus has a 52-week low of GBX 638 and a 52-week high of GBX 2,065.

Telecom Plus (LON:TEP) last posted its quarterly earnings data on Wednesday, June 24th. The company reported GBX 102.20 earnings per share for the quarter. The firm had revenue of GBX 194.11 billion for the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%. Sell-side analysts anticipate that Telecom Plus will post 118.0645161 EPS for the current fiscal year.

Insider Transactions at Telecom Plus

In other news, insider Charles Wigoder purchased 500,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of GBX 710 per share, for a total transaction of £3,550,000. Also, insider Stuart Burnett purchased 27,601 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of GBX 703 per share, with a total value of £194,035.03. In the last ninety days, insiders bought 579,125 shares of company stock valued at $410,818,365. Company insiders own 13.79% of the company’s stock.

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.