Brokerages Set Telecom plus PLC (TEP) Price Target at $1,199.17

Shares of Telecom plus PLC (LON:TEP) have received an average rating of “Buy” from the six brokerages that are presently covering the firm. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 1,199.17 ($14.81).

TEP has been the subject of a number of analyst reports. Peel Hunt reissued a “buy” rating and set a GBX 1,300 ($16.06) price objective on shares of Telecom plus PLC in a research report on Monday, November 28th. Macquarie boosted their price objective on Telecom plus PLC from GBX 1,300 ($16.06) to GBX 1,325 ($16.36) and gave the stock an “outperform” rating in a research report on Tuesday, February 21st. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 1,000 ($12.35) price objective on shares of Telecom plus PLC in a research report on Thursday, February 9th.

Telecom plus PLC (LON:TEP) opened at 1194.00 on Thursday. Telecom plus PLC has a 52-week low of GBX 799.89 and a 52-week high of GBX 1,265.00. The firm’s 50-day moving average is GBX 1,201.19 and its 200-day moving average is GBX 1,180.41. The stock’s market capitalization is GBX 955.49 million.

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About Telecom plus PLC

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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