Telecom Plus (LON:TEP) Hits New 12-Month Low – Should You Sell?

Telecom Plus Plc (LON:TEP)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 1,122 and last traded at GBX 1,136, with a volume of 1422463 shares traded. The stock had previously closed at GBX 1,166.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 2,000 price objective on shares of Telecom Plus in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,400.

Telecom Plus Trading Down 1.2%

The company has a market cap of £856.64 million, a price-to-earnings ratio of 13.04, a P/E/G ratio of 2.86 and a beta of 0.42. The business has a fifty day simple moving average of GBX 1,313.82 and a 200 day simple moving average of GBX 1,429.44. The company has a quick ratio of 1.29, a current ratio of 1.97 and a debt-to-equity ratio of 101.39.

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. Telecom Plus Plc was incorporated in 1996 and is based in London, the United Kingdom.