Telecom Plus (LON:TEP) Sets New 1-Year Low – Here’s What Happened

Telecom Plus Plc (LON:TEP)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 643 and last traded at GBX 676.59, with a volume of 3996179 shares changing hands. The stock had previously closed at GBX 956.

Analysts Set New Price Targets

TEP has been the subject of a number of recent research reports. Berenberg Bank restated a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 2,000 price target on shares of Telecom Plus in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 2,400.

Telecom Plus Price Performance

The firm’s 50 day simple moving average is GBX 1,115.90 and its two-hundred day simple moving average is GBX 1,268.53. The company has a debt-to-equity ratio of 101.39, a current ratio of 1.97 and a quick ratio of 1.28. The firm has a market capitalization of £571.62 million, a P/E ratio of 8.70, a P/E/G ratio of 2.86 and a beta of 0.42.

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.