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

Telecom Plus Plc (LON:TEP) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,892.59 ($25.51) and traded as low as GBX 1,814 ($24.45). Telecom Plus shares last traded at GBX 1,822.15 ($24.56), with a volume of 62,268 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Telecom Plus presently has an average rating of “Buy” and a consensus target price of GBX 2,600.

Telecom Plus Trading Up 0.9%

The business’s 50 day simple moving average is GBX 1,852.43 and its two-hundred day simple moving average is GBX 1,892.59. The stock has a market cap of £1.47 billion, a P/E ratio of 1,932.70, a PEG ratio of 2.86 and a beta of 0.57. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52.

Insider Transactions at Telecom Plus

In other Telecom Plus news, insider Stuart Burnett sold 8,642 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of GBX 1,988, for a total value of £171,802.96. Also, insider Nick Schoenfeld sold 5,798 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of GBX 1,988, for a total value of £115,264.24. 13.79% of the stock is owned by corporate insiders.

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.