Telecom Plus (LON:TEP) Shares Cross Below 200-Day Moving Average – Time to Sell?

Telecom Plus Plc (LON:TEP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,692.06 and traded as low as GBX 1,336. Telecom Plus shares last traded at GBX 1,336, with a volume of 4,414,725 shares changing hands.

Analysts Set New Price Targets

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

Telecom Plus Stock Down 0.3%

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 market cap of £1.06 billion, a PE ratio of 16.18, a P/E/G ratio of 2.86 and a beta of 0.57. The business has a 50 day moving average price of GBX 1,409.21 and a 200 day moving average price of GBX 1,692.06.

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