Telecom Plus (LON:TEP) Sets New 12-Month Low – Time to Sell?

Shares of Telecom Plus Plc (LON:TEP) hit a new 52-week low on Tuesday . The stock traded as low as GBX 643 and last traded at GBX 676.59, with a volume of 3996179 shares trading hands. The stock had previously closed at GBX 956.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TEP. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,000 price objective on shares of Telecom Plus in a research note on Wednesday, May 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Telecom Plus currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,400.

Telecom Plus Stock Performance

The company has a market cap of £571.62 million, a PE ratio of 8.70, a P/E/G ratio of 2.86 and a beta of 0.42. The company has a current ratio of 1.97, a quick ratio of 1.28 and a debt-to-equity ratio of 101.39. The business has a fifty day moving average of GBX 1,115.90 and a 200-day moving average of GBX 1,268.53.

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.