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

Shares of Telecom Plus Plc (LON:TEP) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 1,021.70 and traded as low as GBX 810. Telecom Plus shares last traded at GBX 819, with a volume of 259,703 shares changing hands.

Wall Street Analysts Forecast Growth

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

Telecom Plus Stock Up 2.5%

The company has a current ratio of 1.58, a quick ratio of 1.28 and a debt-to-equity ratio of 87.91. The stock has a 50 day simple moving average of GBX 849.58 and a 200 day simple moving average of GBX 1,017.94. The firm has a market capitalization of £629.22 million, a PE ratio of 8.11, a PEG ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX 102.20 earnings per share for the quarter. The firm had revenue of GBX 194.11 billion during the quarter. Telecom Plus had a return on equity of 32.38% and a net margin of 4.16%. As a group, sell-side analysts forecast that Telecom Plus Plc will post 118.0645161 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Nick Schoenfeld purchased 56,250 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average cost of GBX 1 per share, for a total transaction of £562.50. Also, insider Phil Bunker purchased 4,017 shares of the company’s stock in a transaction on Tuesday, July 14th. The shares were purchased at an average cost of GBX 881 per share, with a total value of £35,389.77. Over the last quarter, insiders bought 353,691 shares of company stock valued at $216,621,352 and sold 76,284 shares valued at $66,244,620. Corporate insiders own 19.43% of the company’s stock.

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.