Telecom Plus (LON:TEP) Reaches New 1-Year Low – What’s Next?

Shares of Telecom Plus Plc (LON:TEP) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 960 and last traded at GBX 967.95, with a volume of 185964 shares changing hands. The stock had previously closed at GBX 987.

Analyst Upgrades and Downgrades

TEP has been the subject of several analyst reports. Berenberg Bank reaffirmed 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 reiterated 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 equities research 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 company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,400.

Telecom Plus Stock Performance

The company has a market cap of £756.84 million, a PE ratio of 11.52, a P/E/G ratio of 2.86 and a beta of 0.42. The company has a debt-to-equity ratio of 101.39, a quick ratio of 1.28 and a current ratio of 1.97. The stock’s 50-day simple moving average is GBX 1,132.46 and its 200 day simple moving average is GBX 1,275.95.

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.