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

Telecom Plus Plc (LON:TEP)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,555.59 and traded as low as GBX 1,290. Telecom Plus shares last traded at GBX 1,292, with a volume of 5,818,641 shares traded.

Wall Street Analyst Weigh In

TEP has been the topic of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,600 price target on shares of Telecom Plus in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft lowered 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 research report on Tuesday, December 2nd. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 2,400.

Telecom Plus Price Performance

The stock has a fifty day moving average of GBX 1,350.48 and a 200 day moving average of GBX 1,555.59. The company has a debt-to-equity ratio of 101.39, a current ratio of 1.97 and a quick ratio of 1.29. The stock has a market cap of £1.03 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 2.86 and a beta of 0.49.

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.