Telecom Plus (LON:TEP) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Telecom Plus Plc (LON:TEP)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,902.97 and traded as low as GBX 1,682. Telecom Plus shares last traded at GBX 1,707.16, with a volume of 140,647 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on TEP shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a research report on Tuesday, September 2nd. Peel Hunt reiterated a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 2,600.

Telecom Plus Stock Down 0.9%

The business has a fifty day moving average of GBX 1,815.86 and a 200 day moving average of GBX 1,902.97. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52. The firm has a market cap of £1.36 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.86 and a beta of 0.57.

Telecom Plus Company Profile

Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands.