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

Telecom Plus logo with Utilities background

Telecom Plus Plc (LON:TEP - Get Free Report) insider Charles Wigoder purchased 200,000 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of GBX 1,770 ($22.40) per share, for a total transaction of £3,540,000 ($4,480,445.51).

Telecom Plus Price Performance

TEP traded up GBX 46 ($0.58) during trading hours on Tuesday, hitting GBX 1,830 ($23.16). The company's stock had a trading volume of 107,196 shares, compared to its average volume of 141,996. Telecom Plus Plc has a 12 month low of GBX 1,356 ($17.16) and a 12 month high of GBX 1,932 ($24.45). The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 77.52. The business's 50-day moving average price is GBX 1,766.10 and its 200-day moving average price is GBX 1,798.24. The stock has a market cap of £1.45 billion, a price-to-earnings ratio of 2,022.47, a P/E/G ratio of 2.86 and a beta of 0.57.

Telecom Plus Cuts Dividend

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

About Telecom Plus

(Get Free Report)

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.

Further Reading

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