Telecom Plus (LON:TEP) Stock Price Breaks Below Two Hundred Day Moving Average - What's Next?

Key Points

• Telecom Plus shares fell below their 200-day moving average, reaching GBX 838 and last trading at GBX 846.46, versus the 200-day average of GBX 978.33.
• Analyst sentiment remains moderately positive, but targets were reduced: Berenberg cut its target to GBX 1,200, while Deutsche Bank lowered its target to GBX 700 and assigned a Hold rating.
• The company has a £649.84 million market capitalization and insiders own 19.65% of the stock; recent insider activity included both share purchases and sales.

Telecom Plus Plc (LON:TEP - Get Free Report) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 978.33 and traded as low as GBX 838. Telecom Plus shares last traded at GBX 846.46, with a volume of 555,111 shares changing hands.

Analyst Ratings Changes

Several analysts recently weighed in on TEP shares. Berenberg Bank downgraded Telecom Plus to a "buy" rating and cut their price target for the stock from GBX 2,600 to GBX 1,200 in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft cut Telecom Plus to a "hold" rating and cut their target price for the stock from GBX 1,300 to GBX 700 in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Telecom Plus currently has an average rating of "Moderate Buy" and an average price target of GBX 1,500.

Telecom Plus Price Performance

The firm has a market capitalization of £649.84 million, a P/E ratio of 8.47, a PEG ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 87.91, a quick ratio of 1.28 and a current ratio of 1.58. The firm has a 50-day moving average of GBX 839.54 and a 200-day moving average of GBX 978.33.

Insider Transactions at Telecom Plus

In other news, insider Stuart Burnett sold 40,854 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of GBX 867, for a total transaction of £354,204.18. Also, insider Nick Schoenfeld bought 56,250 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average cost of GBX 1 per share, for a total transaction of £562.50. In the last quarter, insiders have bought 103,691 shares of company stock valued at $9,871,352 and have sold 76,284 shares valued at $66,244,620. Insiders own 19.65% 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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