Telecom Plus (LON:TEP) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Telecom Plus Plc (LON:TEPGet Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,617.49 and traded as low as GBX 1,360. Telecom Plus shares last traded at GBX 1,374.99, with a volume of 163,425 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. 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 research report on Tuesday, December 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a report on Tuesday, November 25th. Finally, Peel Hunt 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 2,400.

Get Our Latest Research Report on TEP

Telecom Plus Stock Up 0.3%

The company has a market capitalization of £1.09 billion, a PE ratio of 16.62, a P/E/G ratio of 2.86 and a beta of 0.57. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 77.52. The firm has a 50 day simple moving average of GBX 1,360.74 and a two-hundred day simple moving average of GBX 1,617.49.

Telecom Plus (LON:TEPGet Free Report) last issued its quarterly earnings results on Tuesday, November 25th. The company reported GBX 31.50 earnings per share for the quarter. Telecom Plus had a return on equity of 31.35% and a net margin of 3.48%. Research analysts expect that Telecom Plus Plc will post 118.0645161 EPS for the current year.

About Telecom Plus

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Telecom Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Plus and related companies with MarketBeat.com's FREE daily email newsletter.