The latest update is out from Telecom Plus ( (GB:TEP) ).
Telecom Plus PLC, trading as Utility Warehouse, has reported a significant increase in customer growth and profitability for the financial year ending March 2025. The company achieved a net customer growth of 15%, bolstered by a partnership with TalkTalk, and was awarded ‘Which? recommended’ status for both Energy and Broadband. The company expects a 13% increase in dividends and maintains a strong financial position with a leverage ratio of around 1.0x net debt/adjusted EBITDA. The successful partnership with TalkTalk and the company’s unique market approach position it for continued growth, aiming to reach two million households in the medium term.
Spark’s Take on GB:TEP Stock
According to Spark, TipRanks’ AI Analyst, GB:TEP is a Outperform.
Telecom Plus’s overall stock score reflects a balance of strengths and weaknesses. The company’s financial performance is mixed, with solid profit margins but concerns about cash flow. Technical analysis indicates positive momentum, supported by fair valuation metrics. Recent corporate events positively impact stakeholder confidence and financial flexibility, enhancing the company’s market position.
To see Spark’s full report on GB:TEP stock, click here.
More about Telecom Plus
Telecom Plus, operating as Utility Warehouse (UW), is the UK’s leading multiservice utility platform. It offers a variety of subscription-style essential household services, including energy, broadband, mobile, and insurance. These services are characterized by predictable revenues and long-term customer retention. Customers benefit from a single monthly bill and exceptional service, facilitated through a national network of local UW Partners. Telecom Plus is listed on the London Stock Exchange.
YTD Price Performance: 6.64%
Average Trading Volume: 124,778
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.46B
See more insights into TEP stock on TipRanks’ Stock Analysis page.