Telecom Plus (LON:TEP) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Telecom Plus Plc (LON:TEP) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,555.59 and traded as low as GBX 1,290. Telecom Plus shares last traded at GBX 1,292, with a volume of 5,818,641 shares trading hands.

Analysts Set New Price Targets

TEP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped 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 note on Tuesday, December 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 2,400.

Telecom Plus Price Performance

The company’s fifty day moving average price is GBX 1,350.48 and its two-hundred day moving average price is GBX 1,553.95. The company has a quick ratio of 1.29, a current ratio of 1.97 and a debt-to-equity ratio of 101.39. The company has a market cap of £1.03 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.86 and a beta of 0.49.

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.