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

Key Points

• Telecom Plus shares fell below their 200-day moving average, reaching GBX 858 and last trading at GBX 861 versus the GBX 962.99 average.
• Analysts recently cut their price targets sharply: Deutsche Bank reduced its target to GBX 700 and a Hold rating, while Berenberg lowered its target to GBX 1,200. Despite this, the consensus remains “Moderate Buy” with a GBX 1,500 target.
• Insider activity was mixed, with insiders purchasing 95,203 shares and selling 76,284 shares over the past quarter; insiders own 19.65% of the company.

Telecom Plus Plc (LON:TEP - Get Free Report) shares passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 962.99 and traded as low as GBX 858. Telecom Plus shares last traded at GBX 861, with a volume of 313,363 shares.

Analyst Ratings Changes

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

Telecom Plus Stock Performance

The company's 50-day simple moving average is GBX 839.05 and its 200 day simple moving average is GBX 962.99. The company has a current ratio of 1.58, a quick ratio of 1.28 and a debt-to-equity ratio of 87.91. The stock has a market cap of £661.01 million, a P/E ratio of 8.62, a PEG ratio of 2.86 and a beta of 0.43.

Insider Buying and Selling

In other Telecom Plus news, insider Suzi Williams purchased 685 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average cost of GBX 870 per share, with a total value of £5,959.50. Also, insider Stuart Burnett sold 40,854 shares of Telecom Plus stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of GBX 867, for a total value of £354,204.18. Over the last quarter, insiders purchased 95,203 shares of company stock valued at $2,397,895 and sold 76,284 shares valued at $66,244,620. Insiders own 19.65% of the company's stock.

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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