Telecom Plus (LON:TEP) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Telecom Plus shares fell below their 200-day moving average, trading as low as GBX 792 and last changing hands at GBX 806, versus the 200-day average of GBX 1,044.07.
• Analyst sentiment remains generally positive but has weakened: Berenberg cut its rating to “Buy” and target to GBX 1,200, while Deutsche Bank downgraded the stock to “Hold” with a GBX 700 target. The consensus rating is “Moderate Buy,” with a GBX 1,500 price target.
• Despite the technical decline, insiders have been net buyers, including a 500,000-share purchase by Charles Wigoder. The company reported quarterly EPS of GBX 102.20, a 4.16% net margin and 32.38% return on equity.

Telecom Plus Plc (LON:TEP - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,044.07 and traded as low as GBX 792. Telecom Plus shares last traded at GBX 806, with a volume of 403,906 shares changing hands.

Analysts Set New Price Targets

TEP has been the topic of several recent research reports. Berenberg Bank lowered Telecom Plus to a "buy" rating and reduced their price target for the stock from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft downgraded Telecom Plus to a "hold" rating and lowered their price objective for the company from GBX 1,300 to GBX 700 in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,500.

Telecom Plus Trading Up 1.6%

The company has a quick ratio of 1.28, a current ratio of 1.58 and a debt-to-equity ratio of 87.91. The firm's fifty day moving average is GBX 853.44 and its two-hundred day moving average is GBX 1,044.07. The firm has a market cap of £626.12 million, a P/E ratio of 8.07, a PEG ratio of 2.86 and a beta of 0.43.

Telecom Plus (LON:TEP - Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The company reported GBX 102.20 EPS for the quarter. Telecom Plus had a net margin of 4.16% and a return on equity of 32.38%. The business had revenue of GBX 194.11 billion during the quarter. Analysts predict that Telecom Plus Plc will post 118.0645161 earnings per share for the current fiscal year.

Insider Activity at Telecom Plus

In related news, insider Charles Wigoder purchased 500,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of GBX 710 per share, with a total value of £3,550,000. Also, insider Nick Schoenfeld acquired 56,250 shares of the stock in a transaction on Wednesday, August 19th. The stock was bought at an average price of GBX 1 per share, with a total value of £562.50. Over the last 90 days, insiders have purchased 932,816 shares of company stock worth $627,439,717 and have sold 76,284 shares worth $66,244,620. 19.43% of the stock is owned by corporate insiders.

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.

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