Telecom Plus (LON:TEP) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Telecom Plus Plc (LON:TEP)’s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 962.99 and traded as low as GBX 858. Telecom Plus shares last traded at GBX 861, with a volume of 313,363 shares trading hands.

Wall Street Analyst Weigh In

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

Telecom Plus Price Performance

The stock has a market capitalization of £661.01 million, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company has a 50 day moving average of GBX 839.05 and a 200 day moving average of GBX 962.99. The company has a quick ratio of 1.28, a current ratio of 1.58 and a debt-to-equity ratio of 87.91.

Insider Transactions at Telecom Plus

In other Telecom Plus news, insider Carla Stent purchased 645 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average cost of GBX 870 per share, with a total value of £5,611.50. Also, insider Suzi Williams purchased 685 shares of the stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of GBX 870 per share, with a total value of £5,959.50. In the last quarter, insiders acquired 95,203 shares of company stock worth $2,397,895 and sold 76,284 shares worth $66,244,620. Corporate insiders own 19.65% of the company’s stock.

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.