Charles Wigoder Purchases 250,000 Shares of Telecom Plus (LON:TEP) Stock

Telecom Plus Plc (LON:TEP) insider Charles Wigoder purchased 250,000 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were acquired at an average cost of GBX 827 per share, with a total value of £2,067,500.

Charles Wigoder also recently made the following trade(s):

• On Tuesday, June 23rd, Charles Wigoder purchased 500,000 shares of Telecom Plus stock. The shares were acquired at an average price of GBX 710 per share, for a total transaction of £3,550,000.

Telecom Plus Trading Up 1.2%

Shares of Telecom Plus stock traded up GBX 10 during trading on Friday, hitting GBX 843. The company’s stock had a trading volume of 430,326 shares, compared to its average volume of 2,548,979. The stock has a market cap of £669.27 million, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. Telecom Plus Plc has a 52 week low of GBX 638 and a 52 week high of GBX 2,050. The stock has a 50-day moving average price of GBX 958.38 and a two-hundred day moving average price of GBX 1,210.68. The company has a debt-to-equity ratio of 87.91, a current ratio of 1.58 and a quick ratio of 1.28.

Telecom Plus (LON:TEP) last announced its earnings results on Wednesday, June 24th. The company reported GBX 102.20 earnings per share (EPS) for the quarter. The business had revenue of GBX 194.11 billion during the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%. Equities research analysts anticipate that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TEP shares. Berenberg Bank downgraded Telecom Plus to a “buy” rating and lowered their price objective for the stock from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft cut Telecom Plus to a “hold” rating and reduced their target price for the company from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,500.

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.