Telecom Plus Reports Strong Customer Growth and Optimistic Outlook

Telecom Plus ( (GB:TEP) ) just unveiled an update.

Telecom Plus has reported a significant increase in customer numbers, with a 19% growth in the first half of FY25, largely due to the acquisition of TalkTalk customers. The company is exceeding expectations in cross-selling to these new customers and is optimistic about future opportunities. The launch of a competitive mobile offering enhances their market-leading position in other services, driving strong momentum into the second half of the year. Despite changes in profit phasing due to industry cost allocations, Telecom Plus remains confident in its growth and profit guidance for the full year.

The most recent analyst rating on (GB:TEP) stock is a Hold with a £1963.00 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 a mixed financial performance, with strengths in profitability and balance sheet stability but concerns over revenue decline and cash flow conversion. The technical indicators suggest a bearish trend, while the valuation is supported by a reasonable P/E ratio and strong 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 only integrated multiservice utility platform, providing subscription-style essential household services including energy, broadband, mobile, and insurance. The company is known for offering a single monthly bill and exceptional service levels, with a predictable revenue model and a strong customer retention strategy.

Average Trading Volume: 118,444

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.48B

For detailed information about TEP stock, go to TipRanks’ Stock Analysis page.