Ratings Change: Analysts at JP Morgan Cazenove Reconfirmed their Overweight rating for Telecom plus PLC (LON:TEP) with GBX 1290.00 Target

November 23, 2016 - By Marguerite Chambers

Telecom plus PLC (LON:TEP) Rating

In a report sent to investors on Wednesday morning, Telecom plus PLC (LON:TEP) stock Overweight was reiterated by JP Morgan Cazenove. They currently have a GBX 1290.00 target on the stock. JP Morgan Cazenove’s target indicates a potential upside of 5.44% from the company’s last stock price.

Telecom plus PLC (LON:TEP) Ratings Coverage

Out of 5 analysts covering Telecom plus PLC (LON:TEP), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. GBX 1400 is the highest target while GBX 850 is the lowest. The GBX 1134 average target is -7.13% below today’s (GBX 1221) stock price. Telecom plus PLC has been the topic of 26 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, November 21 by FinnCap. The firm has “Buy” rating by Peel Hunt given on Tuesday, November 24. JP Morgan maintained the stock with “Overweight” rating in Wednesday, April 20 report. On Thursday, August 18 the stock rating was maintained by FinnCap with “Buy”. As per Wednesday, June 15, the company rating was maintained by JP Morgan. FinnCap maintained it with “Buy” rating and GBX 1310 target price in Tuesday, November 3 report. As per Wednesday, April 6, the company rating was downgraded by Berenberg. The firm has “Buy” rating given on Tuesday, April 19 by FinnCap. As per Tuesday, October 27, the company rating was maintained by Peel Hunt. Peel Hunt maintained the shares of TEP in a report on Tuesday, June 14 with “Buy” rating.

About 17,360 shares traded hands. Telecom plus PLC (LON:TEP) has risen 30.97% since April 26, 2016 and is uptrending. It has outperformed by 25.64% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.91 in 2016 Q2. Its up 0.79, from 1.12 in 2016Q1. The ratio is positive, as 19 funds sold all Telecom plus PLC shares owned while 30 reduced positions. 23 funds bought stakes while 32 increased positions. They now own 38.72 million shares or 17.73% more from 32.89 million shares in 2016Q1.

Tocqueville Asset Mgmt Limited Partnership accumulated 10,955 shares or 0.01% of the stock. Parkside State Bank And Tru has 18,365 shares for 0.41% of their US portfolio. First Tru Advisors Limited Partnership has 113,770 shares for 0.02% of their US portfolio. Moreover, Tiedemann Wealth Mngmt Limited Liability Company has 1.49% invested in Telecom plus PLC (LON:TEP) for 33,766 shares. Bamco has invested 0.02% of its portfolio in Telecom plus PLC (LON:TEP). Endowment Mngmt L P has 7,190 shares for 0.07% of their US portfolio. Moreover, Natixis has 0.23% invested in Telecom plus PLC (LON:TEP) for 266,400 shares. Moreover, Williams Jones And Associates Ltd Liability has 0.06% invested in Telecom plus PLC (LON:TEP) for 30,190 shares. Virtu Financial Limited Com accumulated 0.08% or 12,863 shares. Miller Howard Invs Incorporated Ny last reported 270,905 shares in the company. Clearbridge Limited Liability Corp has 785,140 shares for 0.04% of their US portfolio. The Massachusetts-based Geode Capital Mgmt Ltd has invested 0% in Telecom plus PLC (LON:TEP). Friedberg Investment Mngmt holds 0.58% or 26,700 shares in its portfolio. Castleark Mngmt Ltd Company has invested 0.04% of its portfolio in Telecom plus PLC (LON:TEP). Oakworth Cap Inc last reported 0.01% of its portfolio in the stock.

Telecom Plus PLC is engaged in providing landline telephony , broadband, mobile, gas, electricity and CashBack card services. The company has a market cap of 980.79 million GBP. The Company’s divisions include Customer Acquisition and Customer Management. It has a 30.78 P/E ratio. The Customer Acquisition segment includes the sale of marketing materials, and sale of equipment, such as mobile phone handsets and wireless Internet routers.

According to Zacks Investment Research, “Tallgrass Energy Partners, L.P. owns, operates, acquires and develops midstream energy assets primarily in North America. It provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through pipelines and natural gas processing assets. Tallgrass Energy Partners, LP is based in Overland Park, Kansas.”

TEP Company Profile

Tallgrass Energy Partners, LP, incorporated on February 6, 2013, owns, operates, acquires and develops midstream energy assets in North America. The Firm operates through three divisions: Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics, which includes the ownership and operation of Federal Energy Regulatory Commission (FERC)-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the gas and oil exploration and production industry and the transportation of natural gas liquid (NGLs).

Another recent and important Telecom plus PLC (LON:TEP) news was published by Fool.Co.Uk which published an article titled: “Is Telecom Plus Plc A Falling Knife Worth Catching? Or Should You Just Buy …” on April 17, 2015.

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