Telecom Plus (LON:TEP) Reaches New 1-Year Low – Should You Sell?

Telecom Plus Plc (LON:TEP) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 1,268 and last traded at GBX 1,274, with a volume of 5798637 shares changing hands. The stock had previously closed at GBX 1,298.10.

Wall Street Analyst Weigh In

TEP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on 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. Berenberg Bank restated a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Telecom Plus currently has a consensus rating of “Buy” and a consensus price target of GBX 2,400.

Telecom Plus Stock Down 2.2%

The stock’s fifty day moving average price is GBX 1,350.48 and its 200 day moving average price is GBX 1,552.18. 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 stock has a market cap of £1.01 billion, a P/E ratio of 15.43, a price-to-earnings-growth 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.