Telecom Plus (LON:TEP) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Telecom Plus Plc (LON:TEP)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,374.71 and traded as low as GBX 1,035.50. Telecom Plus shares last traded at GBX 1,058, with a volume of 5,987,425 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on TEP. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,000 target price on shares of Telecom Plus in a research note on Wednesday, May 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,400.

Telecom Plus Stock Performance

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’s 50-day moving average price is GBX 1,254.04 and its two-hundred day moving average price is GBX 1,374.71. The company has a market cap of £855.83 million, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 2.86 and a beta of 0.42.

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.