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

Telecom Plus Plc (LON:TEP)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 960 and last traded at GBX 967.95, with a volume of 185964 shares changing hands. The stock had previously closed at GBX 987.

Analysts Set New Price Targets

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

Telecom Plus Stock Performance

The company has a debt-to-equity ratio of 101.39, a quick ratio of 1.29 and a current ratio of 1.97. The stock has a market cap of £772.76 million, a P/E ratio of 11.76, a P/E/G ratio of 2.86 and a beta of 0.42. The firm has a 50 day moving average of GBX 1,147.25 and a two-hundred day moving average of GBX 1,284.88.

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.