Telecom Plus (LON:TEP) Reaches New 52-Week Low – Here’s What Happened

Telecom Plus Plc (LON:TEP)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 1,268 and last traded at GBX 1,274, with a volume of 5798637 shares changing hands. The stock had previously closed at GBX 1,298.10.

Wall Street Analyst Weigh In

Several equities analysts have commented on TEP shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 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. Berenberg Bank restated a “buy” rating and set a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 2,600 target price on shares of Telecom Plus in a report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 2,400.

Telecom Plus Stock Performance

The company has a market cap of £1.01 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 2.86 and a beta of 0.49. The stock has a 50 day moving average price of GBX 1,347.08 and a two-hundred day moving average price of GBX 1,544.30. The company has a quick ratio of 1.29, a current ratio of 1.97 and a debt-to-equity ratio of 101.39.

Telecom Plus Company Profile

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.