Telecom Plus (LON:TEP) Hits New 52-Week Low – Time to Sell?

Telecom Plus Plc (LON:TEP)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,348 and last traded at GBX 1,356, with a volume of 32946 shares. The stock had previously closed at GBX 1,356.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a report on Tuesday, November 25th. Peel Hunt reiterated a “buy” rating and set a GBX 2,600 price objective on shares of Telecom Plus in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Telecom Plus currently has an average rating of “Buy” and an average price target of GBX 2,400.

Telecom Plus Price Performance

The stock has a fifty day moving average of GBX 1,623.10 and a 200-day moving average of GBX 1,807.32. The firm has a market capitalization of £1.08 billion, a P/E ratio of 16.48, a PEG ratio of 2.86 and a beta of 0.57. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52.

Telecom Plus (LON:TEP) last posted its quarterly earnings data on Tuesday, November 25th. The company reported GBX 31.50 earnings per share for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. Equities analysts predict that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal 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.