Telecom Plus (LON:TEP) Shares Cross Below 200-Day Moving Average – What’s Next?

Telecom Plus Plc (LON:TEPGet Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analysts Set New Price Targets

Several research firms recently issued reports on TEP. Berenberg Bank reissued 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 reaffirmed a “hold” rating and issued a GBX 2,000 target price on shares of Telecom Plus in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,400.

Check Out Our Latest Stock Analysis on TEP

Telecom Plus Trading Up 0.7%

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 market cap of £794.36 million, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 2.86 and a beta of 0.42. The business’s fifty day moving average price is GBX 1,176.71 and its 200 day moving average price is GBX 1,309.22.

About Telecom Plus

(Get Free Report)

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.

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