Telecom Plus (LON:TEP) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Telecom Plus Plc (LON:TEP) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 978.33 and traded as low as GBX 838. Telecom Plus shares last traded at GBX 846.46, with a volume of 555,111 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TEP shares. Berenberg Bank cut Telecom Plus to a “buy” rating and lowered their price target for the company from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft cut Telecom Plus to a “hold” rating and cut their price objective for the company from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,500.

Telecom Plus Trading Up 1.5%

The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58. The stock has a market cap of £654.10 million, a P/E ratio of 8.53, a P/E/G ratio of 2.86 and a beta of 0.43. The company has a 50-day simple moving average of GBX 839.56 and a 200-day simple moving average of GBX 977.45.

Insider Buying and Selling

In related news, insider Nick Schoenfeld sold 22,624 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of GBX 871, for a total transaction of £197,055.04. Also, insider Carla Stent acquired 645 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were bought at an average cost of GBX 870 per share, for a total transaction of £5,611.50. In the last 90 days, insiders acquired 103,691 shares of company stock valued at $9,871,352 and sold 76,284 shares valued at $66,244,620. 19.65% of the stock is owned by corporate insiders.

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.