Telecom Plus (LON:TEP) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Telecom Plus shares fell below their 200-day moving average of GBX 1,069.99, trading as low as GBX 835 before closing at GBX 860.23.
• Analyst sentiment weakened, with Berenberg cutting its rating to “buy” and target to GBX 1,200, while Deutsche Bank downgraded the stock to “hold” and reduced its target to GBX 700. The overall consensus remains “Moderate Buy,” with an average target of GBX 1,500.
• The company reported quarterly EPS of GBX 102.20 on revenue of GBX 194.11 billion, alongside 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 Friday . The stock has a 200-day moving average of GBX 1,069.99 and traded as low as GBX 835. Telecom Plus shares last traded at GBX 860.23, with a volume of 137,691 shares.

Analyst Ratings Changes

Several research firms recently issued reports on TEP. Berenberg Bank downgraded Telecom Plus to a "buy" rating and cut their target price for the company from GBX 2,600 to GBX 1,200 in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft cut Telecom Plus to a "hold" rating and lowered their price target for the stock from GBX 1,300 to GBX 700 in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Telecom Plus presently has an average rating of "Moderate Buy" and an average price target of GBX 1,500.

Telecom Plus Price Performance

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 stock's 50 day moving average price is GBX 846.38 and its two-hundred day moving average price is GBX 1,069.99. The stock has a market cap of £671.49 million, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

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

Insider Transactions at Telecom Plus

In related news, insider Nick Schoenfeld bought 8,216 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were purchased at an average cost of GBX 5 per share, with a total value of £410.80. Also, insider Stuart Burnett purchased 28,125 shares of Telecom Plus stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average price of GBX 1 per share, with a total value of £281.25. Over the last ninety days, insiders have bought 932,816 shares of company stock valued at $627,439,717 and have sold 76,284 shares valued at $66,244,620. 19.13% 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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