Insider Buying: Telecom Plus Plc (LON:TEP) Insider Purchases 200,000 Shares of Stock

Telecom Plus Plc (LON:TEP) insider Charles Wigoder purchased 200,000 shares of Telecom Plus stock in a transaction on Monday, December 2nd. The stock was bought at an average price of GBX 1,770 ($22.59) per share, for a total transaction of £3,540,000 ($4,517,034.58).

Telecom Plus Stock Performance

Shares of LON TEP opened at GBX 1,826 ($23.30) on Friday. The firm’s fifty day moving average is GBX 1,767.98 and its two-hundred day moving average is GBX 1,798.95. Telecom Plus Plc has a 52-week low of GBX 1,356 ($17.30) and a 52-week high of GBX 1,932 ($24.65). The company has a debt-to-equity ratio of 77.52, a quick ratio of 1.29 and a current ratio of 1.77. The company has a market cap of £1.44 billion, a P/E ratio of 2,051.89, a P/E/G ratio of 2.86 and a beta of 0.57.

Telecom Plus Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, December 5th will be issued a GBX 37 ($0.47) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 2.1%. Telecom Plus’s dividend payout ratio (DPR) is presently 9,325.84%.

Telecom Plus Company Profile

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.