Telecom Plus (LON:TEP) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Telecom Plus Plc (LON:TEP)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,724.99 and traded as low as GBX 1,340. Telecom Plus shares last traded at GBX 1,340, with a volume of 100,354 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TEP. Berenberg Bank restated a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft cut their price objective on Telecom Plus from GBX 2,580 to GBX 2,000 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 2,600 target price on shares of Telecom Plus in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 2,400.

Telecom Plus Stock Up 0.3%

The company’s fifty day simple moving average is GBX 1,450.84 and its 200 day simple moving average is GBX 1,717.82. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 77.52. The firm has a market capitalization of £1.08 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57.

Telecom Plus (LON:TEP) last announced its quarterly earnings results on Tuesday, November 25th. The company reported GBX 31.50 earnings per share (EPS) for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. Research analysts expect that Telecom Plus Plc will post 118.0645161 EPS for the current year.

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. Telecom Plus Plc was incorporated in 1996 and is based in London, the United Kingdom.