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

Telecom Plus Plc (LON:TEP)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,309.22 and traded as low as GBX 971. Telecom Plus shares last traded at GBX 984, with a volume of 26,707,359 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TEP shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 2,000 price objective on shares of Telecom Plus in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Telecom Plus presently has a consensus 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 company has a fifty day moving average price of GBX 1,176.71 and a 200 day moving average price of GBX 1,309.22. The stock has a market cap of £794.36 million, a P/E ratio of 12.09, a P/E/G 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.