Telecom plus (TEP) Reaches New 1-Year Low at $999.00

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Shares of Telecom plus PLC (LON:TEP) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 999 ($12.89) and last traded at GBX 1,010 ($13.03), with a volume of 60701 shares trading hands. The stock had previously closed at GBX 1,016 ($13.11).

Separately, Peel Hunt reiterated an “add” rating and issued a GBX 1,360 ($17.54) price objective on shares of Telecom plus in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 1,367 ($17.63).

Telecom plus (LON:TEP) last issued its quarterly earnings data on Tuesday, June 19th. The company reported GBX 55.10 ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 56.90 ($0.73) by GBX (1.80) (($0.02)). Telecom plus had a return on equity of 11.51% and a net margin of 4.69%.

About Telecom plus (LON:TEP)

Telecom Plus PLC provides a range of utility services to residential and small business customers in the United Kingdom. The company operates in two segments, Customer Acquisition and Customer Management. The Customer Acquisition segment sells a range of equipment, such as mobile phone handsets and wireless Internet routers.

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