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

Telecom Plus Plc (LON:TEP)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,089.36 and traded as low as GBX 842. Telecom Plus shares last traded at GBX 863, with a volume of 340,558 shares.

Analysts Set New Price Targets

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

Telecom Plus Stock Performance

The stock has a 50-day simple moving average of GBX 840.22 and a 200 day simple moving average of GBX 1,087.86. The company has a debt-to-equity ratio of 87.91, a current ratio of 1.58 and a quick ratio of 1.28. The company has a market capitalization of £683.02 million, a PE ratio of 8.76, a P/E/G ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP) last announced its quarterly earnings results on Wednesday, June 24th. The company reported GBX 102.20 earnings per share for the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%.The business had revenue of GBX 194.11 billion during the quarter. Equities analysts anticipate that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Insider Buying and Selling at Telecom Plus

In other Telecom Plus news, insider Nick Schoenfeld bought 56,250 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was bought at an average price of GBX 1 per share, for a total transaction of £562.50. Also, insider Stuart Burnett sold 40,854 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of GBX 867, for a total transaction of £354,204.18. In the last three months, insiders acquired 932,816 shares of company stock worth $627,439,717 and sold 76,284 shares worth $66,244,620. 19.13% of the stock is currently owned by insiders.

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.