Telecom Plus (LON:TEP) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Telecom Plus Plc (LON:TEP) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,617.49 and traded as low as GBX 1,360. Telecom Plus shares last traded at GBX 1,374.99, with a volume of 163,425 shares.

Analyst Ratings Changes

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

Telecom Plus Price Performance

The stock has a market capitalization of £1.09 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 2.86 and a beta of 0.57. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52. The stock has a fifty day moving average of GBX 1,360.74 and a 200-day moving average of GBX 1,617.49.

Telecom Plus (LON:TEP) last issued its quarterly earnings data on Tuesday, November 25th. The company reported GBX 31.50 earnings per share for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. On average, equities research analysts predict 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.