Telecom Plus (LON:TEP) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of Telecom Plus Plc (LON:TEP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,555.59 and traded as low as GBX 1,290. Telecom Plus shares last traded at GBX 1,292, with a volume of 5,818,641 shares changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Telecom Plus from GBX 2,580 to GBX 2,000 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a research note on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average 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 stock’s 50-day moving average is GBX 1,350.48 and its 200-day moving average is GBX 1,555.59. The stock has a market cap of £1.03 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.86 and a beta of 0.49.

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.