Telecom Plus (LON:TEP) Shares Pass Below 200 Day Moving Average – Should You Sell?

Telecom Plus Plc (LON:TEP)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Telecom Plus Stock Down 0.6%

The company has a 50-day moving average of GBX 1,809.38 and a two-hundred day moving average of GBX 1,900.01. The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29. The company has a market capitalization of £1.35 billion, a PE ratio of 17.75, a P/E/G ratio of 2.86 and a beta of 0.57.

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.