Telecom Plus (LON:TEP) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Telecom Plus Plc (LON:TEP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,752.34 and traded as low as GBX 1,348. Telecom Plus shares last traded at GBX 1,376, with a volume of 170,350 shares changing hands.

Analyst Ratings Changes

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

Telecom Plus Trading Up 1.3%

The stock has a fifty day moving average of GBX 1,512.12 and a 200-day moving average of GBX 1,752.34. 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 company has a market cap of £1.10 billion, a PE ratio of 16.72, a PEG ratio of 2.86 and a beta of 0.57.

Telecom Plus (LON:TEP) last issued 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%. Sell-side analysts anticipate that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

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.