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BUZZ-Telecom Plus: coming up for air

Reuters - UK Focus

** Telecom Plus (LSE: TEP.L - news) , a significant underperformer this year, is the top gainer and most actively traded stock on the FTSE250

** YTD laggard vs index. http://link.reuters.com/cyp42w

** Upbeat outlook helps stock to third successive day of gains as it bounces from a 52-week low hit last week.

** The stock's forward P/E multiple which hit a heady 35 times late last year is down to 18 times.

** Company has beaten consensus estimates on earnings in each of the past three years, according to StarMine.

(RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)