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

Telecom Plus Plc (LON:TEP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,347.60 and traded as low as GBX 1,004. Telecom Plus shares last traded at GBX 1,024.25, with a volume of 507,269 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TEP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,000 price target on shares of Telecom Plus in a report on Wednesday, May 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Telecom Plus presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,400.

Telecom Plus Trading Up 0.4%

The business’s fifty day moving average is GBX 1,219.15 and its 200-day moving average is GBX 1,347.60. The stock has a market capitalization of £817.71 million, a PE ratio of 12.45, a P/E/G ratio of 2.86 and a beta of 0.42. The company has a quick ratio of 1.29, a current ratio of 1.97 and a debt-to-equity ratio of 101.39.

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.