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

Key Points

• Telecom Plus shares fell below their 200-day moving average, trading as low as GBX 810 and last changing hands at GBX 819, versus the 200-day average of GBX 1,021.70.
• Analysts have recently lowered their ratings and price targets, including Deutsche Bank’s cut to “hold” with a GBX 700 target and Berenberg’s downgrade to “buy” with a GBX 1,200 target. Despite this, the consensus view remains “Moderate Buy” with an average target of GBX 1,500.
• Recent results included quarterly earnings of GBX 102.20 per share and revenue of GBX 194.11 billion, while insiders have been net buyers; company insiders own 19.43% of the stock.

Telecom Plus Plc (LON:TEP - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,021.70 and traded as low as GBX 810. Telecom Plus shares last traded at GBX 819, with a volume of 259,703 shares traded.

Analyst Upgrades and Downgrades

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

Telecom Plus Trading Up 0.6%

The firm has a market cap of £640.10 million, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 87.91, a current ratio of 1.58 and a quick ratio of 1.28. The firm's fifty day moving average is GBX 851.21 and its 200-day moving average is GBX 1,021.70.

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

Insiders Place Their Bets

In related news, insider Gemma Godfrey acquired 637 shares of Telecom Plus stock in a transaction dated Monday, August 3rd. The stock was bought at an average price of GBX 870 per share, with a total value of £5,541.90. Also, insider Suzi Williams bought 685 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average price of GBX 870 per share, for a total transaction of £5,959.50. In the last 90 days, insiders purchased 353,691 shares of company stock valued at $216,621,352 and sold 76,284 shares valued at $66,244,620. Company insiders own 19.43% of the company's stock.

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.

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