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Aberdeen Group Increases Stake in Telecom Plus

Story Highlights
  • Telecom Plus PLC is a UK telecommunications company offering telephony and broadband services.
  • Aberdeen Group now holds 7.68% of Telecom Plus voting rights, enhancing its influence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Aberdeen Group Increases Stake in Telecom Plus

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Telecom Plus ( (GB:TEP) ) has provided an update.

Telecom Plus PLC has announced that Aberdeen Group plc has crossed a significant threshold of voting rights in the company, now holding 7.68% of total voting rights due to an in-specie transfer of shares. This change reflects an increase in the voting rights held indirectly by abrdn Investments (Holdings) Limited and managed by abrdn Investment Management Limited, indicating a strategic move by Aberdeen Group to strengthen its influence within Telecom Plus.

The most recent analyst rating on (GB:TEP) stock is a Buy with a £3180.00 price target. To see the full list of analyst forecasts on Telecom Plus stock, see the GB:TEP Stock Forecast page.

Spark’s Take on GB:TEP Stock

According to Spark, TipRanks’ AI Analyst, GB:TEP is a Outperform.

Telecom Plus’s overall stock score of 73 reflects a balance of strengths in technical momentum and corporate events, with moderate financial performance and fair valuation. The company’s improved profit margins and positive corporate developments are offset by challenges in cash flow and revenue decline. The stock offers a strong dividend yield, appealing to income-focused investors.

To see Spark’s full report on GB:TEP stock, click here.

More about Telecom Plus

Telecom Plus PLC is a UK-based company operating in the telecommunications industry. The company provides a range of services including telephony, broadband, and other communication solutions, focusing on delivering value to its customers in the UK market.

Average Trading Volume: 139,080

Technical Sentiment Signal: Buy

Current Market Cap: £1.61B

For a thorough assessment of TEP stock, go to TipRanks’ Stock Analysis page.

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