Telecom Plus (LON:TEP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Telecom Plus Plc (LON:TEP) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,752.34 and traded as low as GBX 1,348. Telecom Plus shares last traded at GBX 1,376, with a volume of 170,350 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TEP. Berenberg Bank reissued a “buy” rating and set a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Peel Hunt reiterated a “buy” rating and set a GBX 2,600 target price on shares of Telecom Plus in a research report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Telecom Plus from GBX 2,580 to GBX 2,000 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,400.

Telecom Plus Trading Up 1.3%

The stock has a market cap of £1.10 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 2.86 and a beta of 0.57. The business’s fifty day simple moving average is GBX 1,512.12 and its 200 day simple moving average is GBX 1,752.34. The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29.

Telecom Plus (LON:TEP) last issued its earnings results on Tuesday, November 25th. The company reported GBX 31.50 earnings per share (EPS) for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. On average, research analysts predict that Telecom Plus Plc will post 118.0645161 EPS for the current year.

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.