FinnCap Reiterates Buy Rating for Telecom plus PLC (TEP)
Telecom plus PLC (LON:TEP)‘s stock had its “buy” rating reiterated by FinnCap in a research report issued on Tuesday. They presently have a GBX 1,390 ($18.28) price objective on the stock. FinnCap’s target price suggests a potential upside of 12.10% from the company’s previous close.
A number of other research firms have also commented on TEP. Peel Hunt reiterated an “add” rating and issued a GBX 1,360 ($17.89) price objective on shares of Telecom plus PLC in a research note on Wednesday, November 8th. Royal Bank Of Canada upgraded Telecom plus PLC to an “outperform” rating and lifted their price objective for the stock from GBX 1,050 ($13.81) to GBX 1,400 ($18.41) in a research note on Monday, October 9th. Finally, Macquarie lifted their price objective on Telecom plus PLC from GBX 1,380 ($18.15) to GBX 1,435 ($18.87) and gave the stock an “outperform” rating in a research note on Friday, September 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,322.50 ($17.39).
Telecom plus PLC (TEP) opened at GBX 1,240 ($16.31) on Tuesday. Telecom plus PLC has a 12 month low of GBX 1,035 ($13.61) and a 12 month high of GBX 1,342 ($17.65).
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Telecom plus PLC Company Profile
Telecom Plus PLC is engaged in providing landline telephony (calls and line rental), broadband, mobile, gas, electricity and CashBack card services. The Company’s segments include Customer Acquisition and Customer Management. The Customer Acquisition segment includes the sale of marketing materials, and sale of equipment, such as mobile phone handsets and wireless Internet routers.
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