Telecom Plus PLC Announces New Share Listing on LSE

An announcement from Telecom Plus ( (GB:TEP) ) is now available.

Telecom Plus PLC has applied for the listing of 840,000 ordinary shares on the London Stock Exchange, which are reserved under existing block listings. These shares, expected to be admitted by 31 July 2025, will be issued as a result of exercised share options from various company plans, potentially enhancing employee and networker engagement and aligning with the company’s growth strategies.

The most recent analyst rating on (GB:TEP) stock is a Buy with a £25.80 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 operates in the telecommunications industry, providing a range of services including employee and networker share option plans. The company is focused on expanding its market presence through strategic share allocations and incentive schemes.

Average Trading Volume: 126,020

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.5B

See more insights into TEP stock on TipRanks’ Stock Analysis page.