Telecom Plus (LON:TEP) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Telecom Plus Plc (LON:TEP) shares crossed 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.

Wall Street Analysts Forecast Growth

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

Telecom Plus Stock Down 0.2%

The firm’s fifty day moving average is GBX 1,363.68 and its two-hundred day moving average is GBX 1,639. The firm has a market cap of £1.10 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 2.86 and a beta of 0.57. The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29.

Telecom Plus (LON:TEP) last released its quarterly earnings results on Tuesday, November 25th. The company reported GBX 31.50 EPS for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. On average, sell-side analysts expect that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

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.