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

Shares of Telecom Plus Plc (LON:TEP) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,407.46 and traded as low as GBX 1,035.76. Telecom Plus shares last traded at GBX 1,040, with a volume of 485,906 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 2,600 price objective on shares of Telecom Plus in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 2,000 target price on shares of Telecom Plus in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Telecom Plus currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,400.

Telecom Plus Price Performance

The company has a current ratio of 1.97, a quick ratio of 1.29 and a debt-to-equity ratio of 101.39. The firm has a market capitalization of £830.28 million, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.86 and a beta of 0.42. The company’s 50 day moving average is GBX 1,288.73 and its 200-day moving average is GBX 1,407.46.

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.