Telecom Plus (LON:TEP) Hits New 12-Month Low – Here’s What Happened

Telecom Plus Plc (LON:TEP) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 960 and last traded at GBX 966, with a volume of 397145 shares trading hands. The stock had previously closed at GBX 1,024.25.

Analyst Ratings Changes

TEP has been the topic of several recent analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 2,000 target price on shares of Telecom Plus in a report on Wednesday, May 6th. Two 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, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,400.

Telecom Plus Stock Down 5.7%

The company has a current ratio of 1.97, a quick ratio of 1.29 and a debt-to-equity ratio of 101.39. The company has a market capitalization of £771.21 million, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.86 and a beta of 0.42. The firm’s fifty day simple moving average is GBX 1,212.19 and its two-hundred day simple moving average is GBX 1,339.63.

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.