Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for Telecom Plus (LON:TEP)

Telecom Plus (LON:TEP)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 2,000 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 98.02% from the stock’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,400.

Telecom Plus Stock Down 13.4%

LON TEP traded down GBX 156 during midday trading on Wednesday, hitting GBX 1,010. 1,972,511 shares of the company traded hands, compared to its average volume of 1,617,625. The company has a debt-to-equity ratio of 101.39, a current ratio of 1.97 and a quick ratio of 1.29. The company has a market cap of £808.88 million, a PE ratio of 12.27, a price-to-earnings-growth ratio of 2.86 and a beta of 0.50. The company’s 50-day simple moving average is GBX 1,326.85 and its 200-day simple moving average is GBX 1,440.58. Telecom Plus has a 52 week low of GBX 995 and a 52 week high of GBX 2,100.

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.