Telecom Plus (LON:TEP) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Telecom Plus Plc (LON:TEP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,831.18 and traded as low as GBX 1,392. Telecom Plus shares last traded at GBX 1,392, with a volume of 143,571 shares trading hands.

Analysts Set New Price Targets

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

Telecom Plus Price Performance

The stock has a market capitalization of £1.11 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 2.86 and a beta of 0.57. The business has a 50-day simple moving average of GBX 1,669.64 and a two-hundred day simple moving average of GBX 1,831.18. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52.

Telecom Plus (LON:TEP) last released its earnings results on Tuesday, November 25th. The company reported GBX 31.50 earnings per share (EPS) for the quarter. Telecom Plus had a return on equity of 31.35% and a net margin of 3.48%. As a group, research analysts predict 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.