Telecom plus PLC (LON:TEP) announced a dividend on Tuesday, June 16th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 9th will be given a dividend of GBX 30 ($0.37) per share on Friday, July 31st. This represents a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 9th. This is a positive change from Telecom plus’s previous dividend of $27.00. The official announcement can be accessed at this link.
TEP stock opened at GBX 1,500 ($18.46) on Tuesday. The company has a debt-to-equity ratio of 46.40, a current ratio of 1.52 and a quick ratio of 0.65. The business has a 50 day simple moving average of GBX 1,422.88 and a 200-day simple moving average of GBX 1,401.22. The firm has a market capitalization of $1.17 billion and a PE ratio of 32.65. Telecom plus has a 1 year low of GBX 907 ($11.16) and a 1 year high of GBX 1,585 ($19.51).
In other Telecom plus news, insider Melvin Lawson acquired 700,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of GBX 1,350 ($16.61) per share, for a total transaction of £9,450,000 ($11,629,337.93).
A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Telecom plus from GBX 1,250 ($15.38) to GBX 1,400 ($17.23) and gave the company a “neutral” rating in a research report on Wednesday, June 17th. Peel Hunt restated a “buy” rating and issued a GBX 1,450 ($17.84) price target (up from GBX 1,350 ($16.61)) on shares of Telecom plus in a research report on Monday, June 15th. Finally, FinnCap decreased their price objective on Telecom plus from GBX 1,390 ($17.11) to GBX 1,250 ($15.38) and set a “buy” rating on the stock in a report on Tuesday, April 21st.
About Telecom plus
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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