Telecom Plus (LON:TEP) Hits New 12-Month Low – Here’s What Happened

Shares of Telecom Plus Plc (LON:TEP) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 1,180 and last traded at GBX 1,180, with a volume of 1889228 shares traded. The stock had previously closed at GBX 1,422.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 2,600 price target on shares of Telecom Plus in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 2,400.

Telecom Plus Stock Performance

The stock’s 50 day moving average price is GBX 1,331.45 and its 200 day moving average price is GBX 1,450.65. The company has a current ratio of 1.97, a quick ratio of 1.29 and a debt-to-equity ratio of 101.39. The company has a market cap of £953.04 million, a price-to-earnings ratio of 14.46, a P/E/G ratio of 2.86 and a beta of 0.50.

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.