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

Shares of Telecom Plus Plc (LON:TEP) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,214.50 and traded as low as GBX 791. Telecom Plus shares last traded at GBX 812.87, with a volume of 31,871,076 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TEP shares. Berenberg Bank lowered shares of Telecom Plus to a “buy” rating and lowered their target price for the company from GBX 2,600 to GBX 1,200 in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lowered shares of Telecom Plus to a “hold” rating and decreased their price objective for the company from GBX 1,300 to GBX 700 in a report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,500.

Telecom Plus Stock Up 0.3%

The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58. The company has a fifty day simple moving average of GBX 965.35 and a two-hundred day simple moving average of GBX 1,214.50. The firm has a market capitalization of £647.04 million, a PE ratio of 8.16, a PEG ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP) last announced its quarterly earnings results on Wednesday, June 24th. The company reported GBX 102.20 EPS for the quarter. The firm had revenue of GBX 194.11 billion for the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%. Analysts forecast that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Insider Buying and Selling at Telecom Plus

In other Telecom Plus news, insider Gemma Godfrey purchased 1,367 shares of the stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average price of GBX 726 per share, with a total value of £9,924.42. Also, insider Nick Schoenfeld acquired 27,973 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of GBX 708 per share, for a total transaction of £198,048.84. Over the last quarter, insiders acquired 579,125 shares of company stock worth $410,818,365. Company insiders own 14.60% of the company’s stock.

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.