Telecom Plus’ (TEP) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Telecom Plus (LON:TEP) in a research report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a GBX 2,600 price objective on the stock.

Telecom Plus Stock Up 1.0%

Shares of TEP opened at GBX 1,159 on Wednesday. The company has a 50-day simple moving average of GBX 1,335.35 and a 200-day simple moving average of GBX 1,452.61. The firm has a market capitalization of £928.21 million, a P/E ratio of 14.08, a P/E/G ratio of 2.86 and a beta of 0.50. The company has a debt-to-equity ratio of 101.39, a quick ratio of 1.29 and a current ratio of 1.97. Telecom Plus has a 52 week low of GBX 1,144 and a 52 week high of GBX 2,100.

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.