Telecom plus (LON:TEP) Receives Buy Rating from Numis Securities

Numis Securities reissued their buy rating on shares of Telecom plus (LON:TEP) in a research report sent to investors on Monday, June 3rd, Digital Look reports.

Other equities research analysts also recently issued reports about the company. Peel Hunt reaffirmed a buy rating on shares of Telecom plus in a research report on Wednesday, April 17th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Telecom plus in a research report on Wednesday, May 15th.

Shares of LON TEP traded down GBX 24 ($0.31) during mid-day trading on Monday, hitting GBX 1,408 ($18.40). The stock had a trading volume of 60,611 shares, compared to its average volume of 67,307. The company has a debt-to-equity ratio of 22.32, a quick ratio of 0.62 and a current ratio of 1.30. The stock’s 50 day moving average price is GBX 1,475.20. Telecom plus has a twelve month low of GBX 995 ($13.00) and a twelve month high of GBX 1,542 ($20.15). The stock has a market cap of $1.10 billion and a price-to-earnings ratio of 35.65.

The business also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, July 11th will be given a dividend of GBX 27 ($0.35) per share. This is an increase from Telecom plus’s previous dividend of $25.00. This represents a yield of 1.82%. The ex-dividend date of this dividend is Thursday, July 11th. Telecom plus’s dividend payout ratio (DPR) is currently 1.29%.

Telecom plus Company Profile

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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