Telecom Plus (LON:TEP) Sets New 52-Week Low – Here’s Why

Telecom Plus Plc (LON:TEP) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 1,296 and last traded at GBX 1,302, with a volume of 182985 shares. The stock had previously closed at GBX 1,344.

Analyst Upgrades and Downgrades

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

Telecom Plus Trading Down 3.1%

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 business has a 50 day moving average price of GBX 1,450.84 and a 200-day moving average price of GBX 1,717.82. The firm has a market capitalization of £1.04 billion, a PE ratio of 15.82, a P/E/G ratio of 2.86 and a beta of 0.57.

Telecom Plus (LON:TEP) last announced its quarterly earnings data on Tuesday, November 25th. The company reported GBX 31.50 earnings per share for the quarter. Telecom Plus had a return on equity of 31.35% and a net margin of 3.48%. Analysts expect 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.