Telecom Plus (LON:TEP) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Telecom Plus Plc (LON:TEP)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,214.50 and traded as low as GBX 791. Telecom Plus shares last traded at GBX 812.87, with a volume of 31,871,076 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TEP shares. Deutsche Bank Aktiengesellschaft lowered Telecom Plus to a “hold” rating and decreased their price objective for the stock from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Berenberg Bank cut Telecom Plus to a “buy” rating and decreased their price target for the stock from GBX 2,600 to GBX 1,200 in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Telecom Plus presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,500.

Telecom Plus Stock Up 2.2%

The company has a debt-to-equity ratio of 87.91, a current ratio of 1.58 and a quick ratio of 1.28. The firm has a market capitalization of £675.89 million, a P/E ratio of 8.52, a PEG ratio of 2.86 and a beta of 0.43. The firm’s fifty day moving average price is GBX 952.45 and its 200-day moving average price is GBX 1,208.17.

Telecom Plus (LON:TEP) last released its earnings results on Wednesday, June 24th. The company reported GBX 102.20 earnings per share for the quarter. The firm had revenue of GBX 194.11 billion during the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%. As a group, equities research analysts forecast that Telecom Plus Plc will post 118.0645161 earnings per share for the current year.

Insider Transactions at Telecom Plus

In other Telecom Plus news, insider Charles Wigoder acquired 500,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of GBX 710 per share, with a total value of £3,550,000. Also, insider Stuart Burnett bought 27,601 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average price of GBX 703 per share, for a total transaction of £194,035.03. Over the last ninety days, insiders acquired 829,125 shares of company stock worth $617,568,365. Corporate insiders own 14.60% of the company’s stock.

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.