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

Telecom Plus Plc (LON:TEP) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,639 and traded as low as GBX 1,366. Telecom Plus shares last traded at GBX 1,383.25, with a volume of 125,016 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Telecom Plus from GBX 2,580 to GBX 2,000 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Peel Hunt reissued a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a report on Tuesday, November 25th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a research note on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 2,400.

Telecom Plus Stock Down 0.2%

The company has a debt-to-equity ratio of 77.52, a quick ratio of 1.29 and a current ratio of 1.77. The stock has a market cap of £1.10 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The business’s 50 day moving average is GBX 1,363.68 and its 200 day moving average is GBX 1,639.

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

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.