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

Telecom Plus Plc (LON:TEP)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 960 and last traded at GBX 966, with a volume of 397145 shares changing hands. The stock had previously closed at GBX 1,024.25.

Wall Street Analyst Weigh In

A number of research firms recently commented on TEP. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 2,000 price objective on shares of Telecom Plus in a research report on Wednesday, May 6th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,600 price objective on shares of Telecom Plus in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,400.

Telecom Plus Stock Performance

The company has a debt-to-equity ratio of 101.39, a current ratio of 1.97 and a quick ratio of 1.29. The business has a 50-day simple moving average of GBX 1,199.55 and a 200 day simple moving average of GBX 1,329.33. The firm has a market cap of £783.18 million, a PE ratio of 11.92, a PEG 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.