Telecom Plus (LON:TEP) Stock Passes Below 200 Day Moving Average – Here’s Why

Telecom Plus Plc (LON:TEP)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,692.06 and traded as low as GBX 1,336. Telecom Plus shares last traded at GBX 1,336, with a volume of 4,414,725 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TEP shares. Peel Hunt restated a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on Telecom Plus from GBX 2,580 to GBX 2,000 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Telecom Plus presently has an average rating of “Buy” and a consensus target price of GBX 2,400.

Telecom Plus Price Performance

The company has a debt-to-equity ratio of 77.52, a quick ratio of 1.29 and a current ratio of 1.77. The stock has a market capitalization of £1.06 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The stock’s 50 day moving average is GBX 1,409.21 and its two-hundred day moving average is GBX 1,692.06.

Telecom Plus (LON:TEP) last announced its earnings results on Tuesday, November 25th. The company reported GBX 31.50 EPS for the quarter. Telecom Plus had a return on equity of 31.35% and a net margin of 3.48%. On average, equities analysts anticipate 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.