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Telecom Plus ( (GB:TEP) ) just unveiled an announcement.
Telecom Plus PLC has reported its half-year results, highlighting a continued compound double-digit customer growth for the fourth consecutive year. The company has seen a significant increase in customer numbers, driven by successful cross-selling to acquired TalkTalk broadband customers. Despite a slight decrease in gross and pre-tax profits compared to the previous year, Telecom Plus remains confident in meeting its fiscal year guidance, aiming for a 25% total customer growth. The company’s scalable platform and competitive offerings in mobile, energy, broadband, and insurance are expected to drive future growth, with a target of reaching two million customers.
The most recent analyst rating on (GB:TEP) stock is a Hold with a £1973.00 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 Neutral.
Telecom Plus’s overall stock score is driven by its mixed financial performance, with strengths in profitability and balance sheet stability but concerns over revenue decline and cash flow conversion. The technical analysis indicates a bearish trend, while the valuation is supported by a reasonable P/E ratio and an attractive dividend yield.
To see Spark’s full report on GB:TEP stock, click here.
More about Telecom Plus
Telecom Plus, operating as Utility Warehouse, is the UK’s sole integrated platform offering subscription-style essential household services, including energy, broadband, mobile, and insurance. The company provides a unique multiservice model that ensures predictable revenues and profitability, with customers benefiting from a single monthly bill and consistently good value. Telecom Plus is listed on the London Stock Exchange.
Average Trading Volume: 122,569
Technical Sentiment Signal: Buy
Current Market Cap: £1.42B
See more data about TEP stock on TipRanks’ Stock Analysis page.