Telecom Plus (LON:TEP) Shares Break Below 200 Day Moving Average – Time to Sell?

Telecom Plus Plc (LON:TEP) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 999.27 and traded as low as GBX 806. Telecom Plus shares last traded at GBX 809, with a volume of 5,679,728 shares traded.

Analyst Upgrades and Downgrades

TEP has been the subject of a number of research reports. Berenberg Bank cut shares of Telecom Plus to a “buy” rating and decreased their price target for the stock from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft downgraded Telecom Plus to a “hold” rating and dropped their target price for the company from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,500.

Telecom Plus Stock Up 1.9%

The firm has a fifty day simple moving average of GBX 841.32 and a 200-day simple moving average of GBX 995.44. The company has a market capitalization of £630.78 million, a PE ratio of 8.13, a P/E/G ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58.

Insider Activity at Telecom Plus

In other news, insider Charles Wigoder acquired 250,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average cost of GBX 827 per share, with a total value of £2,067,500. Also, insider Nick Schoenfeld bought 56,250 shares of Telecom Plus stock in a transaction on Wednesday, August 19th. The shares were purchased at an average cost of GBX 1 per share, for a total transaction of £562.50. Over the last 90 days, insiders acquired 353,691 shares of company stock worth $216,621,352 and sold 76,284 shares worth $66,244,620. 19.43% of the stock is currently owned by insiders.

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.