Telecom plus PLC to Issue Dividend of GBX 24 (TEP)
Telecom plus PLC (LON:TEP) declared a dividend on Tuesday, November 21st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 30th will be given a dividend of GBX 24 ($0.32) per share on Friday, December 15th. This represents a yield of 2.02%. The ex-dividend date is Thursday, November 30th. The official announcement can be viewed at this link.
Telecom plus (LON:TEP) traded up GBX 43.43 ($0.58) during trading on Wednesday, reaching GBX 1,206.43 ($16.16). 100,129 shares of the company’s stock were exchanged, compared to its average volume of 98,692. Telecom plus has a 52-week low of GBX 1,035 ($13.86) and a 52-week high of GBX 1,342 ($17.97).
A number of research analysts have issued reports on TEP shares. Macquarie boosted their target price on shares of Telecom plus from GBX 1,380 ($18.48) to GBX 1,435 ($19.22) and gave the company an “outperform” rating in a research note on Friday, September 8th. Peel Hunt reissued an “add” rating and set a GBX 1,360 ($18.21) target price on shares of Telecom plus in a research note on Thursday, August 24th. Royal Bank Of Canada raised shares of Telecom plus to an “outperform” rating and boosted their target price for the company from GBX 1,050 ($14.06) to GBX 1,400 ($18.75) in a research note on Monday, October 9th. FinnCap reissued a “buy” rating and set a GBX 1,390 ($18.62) target price on shares of Telecom plus in a research note on Thursday, November 9th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 1,350 ($18.08) target price on shares of Telecom plus in a research note on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Telecom plus presently has an average rating of “Buy” and a consensus price target of GBX 1,322.50 ($17.71).
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Telecom plus 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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