Telecom Plus (LON:TEP) Insider Stuart Burnett Acquires 27,601 Shares of Stock

Telecom Plus Plc (LON:TEP) insider Stuart Burnett bought 27,601 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of GBX 703 per share, for a total transaction of £194,035.03.

Stuart Burnett also recently made the following trade(s):

• On Tuesday, June 23rd, Stuart Burnett purchased 22,184 shares of Telecom Plus stock. The shares were purchased at an average price of GBX 704 per share, with a total value of £156,175.36.

Telecom Plus Stock Performance

TEP traded down GBX 246 during midday trading on Tuesday, reaching GBX 710. The company’s stock had a trading volume of 2,811,462 shares, compared to its average volume of 1,639,656. Telecom Plus Plc has a twelve month low of GBX 643 and a twelve month high of GBX 2,100. The company has a fifty day simple moving average of GBX 1,115.90 and a 200 day simple moving average of GBX 1,268.53. The stock has a market cap of £566.83 million, a P/E ratio of 8.63, a PEG ratio of 2.86 and a beta of 0.42. The company has a current ratio of 1.97, a quick ratio of 1.28 and a debt-to-equity ratio of 101.39.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 2,000 price target on shares of Telecom Plus in a report on Wednesday, May 6th. Two 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 stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,400.

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.