Telecom Plus (LON:TEP) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Telecom Plus Plc (LON:TEP)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,130.04 and traded as low as GBX 849. Telecom Plus shares last traded at GBX 850, with a volume of 246,929 shares trading hands.

Analyst Ratings Changes

TEP has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Telecom Plus to a “hold” rating and reduced their price target for the stock from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Berenberg Bank downgraded Telecom Plus to a “buy” rating and decreased their target price for the stock from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,500.

Telecom Plus Trading Up 1.8%

The stock’s 50-day moving average price is GBX 867.70 and its 200 day moving average price is GBX 1,126.39. The company has a debt-to-equity ratio of 87.91, a current ratio of 1.58 and a quick ratio of 1.28. The firm has a market capitalization of £661.95 million, a PE ratio of 8.49, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX 102.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 194.11 billion for the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%. On average, sell-side analysts expect that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Insider Transactions at Telecom Plus

In other Telecom Plus news, insider Phil Bunker acquired 645 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of GBX 870 per share, for a total transaction of £5,611.50. Also, insider Charles Wigoder acquired 250,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The shares were acquired at an average cost of GBX 827 per share, for a total transaction of £2,067,500. Insiders purchased a total of 840,225 shares of company stock valued at $627,314,262 over the last three months. 19.13% of the stock is currently owned by corporate insiders.

About Telecom Plus

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.