Telecom Plus (LON:TEP) Reaches New 12-Month Low – Time to Sell?

Shares of Telecom Plus Plc (LON:TEP) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 1,268 and last traded at GBX 1,274, with a volume of 5798637 shares. The stock had previously closed at GBX 1,298.10.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Peel Hunt reiterated a “buy” rating and set a GBX 2,600 price objective on shares of Telecom Plus in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft dropped 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 report on Tuesday, December 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,600 target price 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 MarketBeat, the company has a consensus rating of “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 quick ratio of 1.29 and a current ratio of 1.97. The company has a market cap of £1.01 billion, a PE ratio of 15.43, a PEG ratio of 2.86 and a beta of 0.49. The business’s 50-day moving average is GBX 1,350.48 and its 200 day moving average is GBX 1,552.18.

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.