Telecom Plus (LON:TEP) Stock Passes Below 200 Day Moving Average – What’s Next?

Telecom Plus Plc (LON:TEP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,069.99 and traded as low as GBX 835. Telecom Plus shares last traded at GBX 860.23, with a volume of 137,691 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TEP. Berenberg Bank cut shares of Telecom Plus to a “buy” rating and reduced their price objective for the stock from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft downgraded shares of Telecom Plus to a “hold” rating and reduced their target price for the stock from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,500.

Telecom Plus Price Performance

The firm has a market capitalization of £668.24 million, a price-to-earnings ratio of 8.61, a P/E/G ratio of 2.86 and a beta of 0.43. The company’s 50 day moving average is GBX 846.38 and its 200 day moving average is GBX 1,069.99. The company has a quick ratio of 1.28, a current ratio of 1.58 and a debt-to-equity ratio of 87.91.

Telecom Plus (LON:TEP) last issued its quarterly earnings data on Wednesday, June 24th. The company reported GBX 102.20 earnings per share for the quarter. Telecom Plus had a net margin of 4.16% and a return on equity of 32.38%. The business had revenue of GBX 194.11 billion during the quarter. On average, equities research analysts anticipate that Telecom Plus Plc will post 118.0645161 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Suzi Williams purchased 685 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of GBX 870 per share, for a total transaction of £5,959.50. Also, insider Stuart Burnett acquired 28,125 shares of the stock in a transaction on Wednesday, August 19th. The shares were bought at an average price of GBX 1 per share, for a total transaction of £281.25. In the last quarter, insiders acquired 932,816 shares of company stock valued at $627,439,717 and sold 76,284 shares valued at $66,244,620. Corporate insiders own 19.43% 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.