Telecom Plus (LON:TEP) Shares Pass Below 200 Day Moving Average – Here’s Why

Shares of Telecom Plus Plc (LON:TEP) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,692.06 and traded as low as GBX 1,336. Telecom Plus shares last traded at GBX 1,336, with a volume of 4,414,725 shares traded.

Analyst Ratings Changes

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

Telecom Plus Price Performance

The company has a market capitalization of £1.06 billion, a PE ratio of 16.18, a P/E/G ratio of 2.86 and a beta of 0.57. 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 stock has a fifty day simple moving average of GBX 1,400.45 and a 200-day simple moving average of GBX 1,687.44.

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

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.