Telecom Plus (LON:TEP) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Telecom Plus Plc (LON:TEP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,752.34 and traded as low as GBX 1,348. Telecom Plus shares last traded at GBX 1,376, with a volume of 170,350 shares.

Analyst Upgrades and Downgrades

TEP has been the subject of a number of recent analyst reports. Peel Hunt reissued a “buy” rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft dropped their price target on Telecom Plus from GBX 2,580 to GBX 2,000 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. Finally, Berenberg Bank reaffirmed 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 2,400.

Telecom Plus Stock Performance

The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29. The company has a market capitalization of £1.10 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The firm has a fifty day simple moving average of GBX 1,512.12 and a 200 day simple moving average of GBX 1,750.78.

Telecom Plus (LON:TEP) last released its quarterly earnings results 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%. On average, analysts anticipate that Telecom Plus Plc will post 118.0645161 earnings per share 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.