Telecom Plus (LON:TEP) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Telecom Plus shares fell below their 200-day moving average, reaching GBX 842 and last trading at GBX 863 versus the 200-day average of GBX 1,089.36.
• Analyst sentiment remains mixed: Deutsche Bank downgraded the stock to Hold with a GBX 700 target, while Berenberg retained a Buy rating but cut its target to GBX 1,200. The consensus rating is Moderate Buy, with an average target of GBX 1,500.
• The company reported quarterly EPS of GBX 102.20 and revenue of GBX 194.11 billion, while insiders have been net buyers over the past 90 days; insiders currently own 19.13% of the stock.

Telecom Plus Plc (LON:TEP - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,089.36 and traded as low as GBX 842. Telecom Plus shares last traded at GBX 863, with a volume of 340,558 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TEP shares. Deutsche Bank Aktiengesellschaft cut Telecom Plus to a "hold" rating and reduced their target price for the company 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 lowered their price target for the stock from GBX 2,600 to GBX 1,200 in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 1,500.

Telecom Plus Stock Performance

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 stock has a fifty day simple moving average of GBX 841.72 and a two-hundred day simple moving average of GBX 1,089.36. The firm has a market capitalization of £673.66 million, a P/E ratio of 8.64, a P/E/G ratio of 2.86 and a beta of 0.43.

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

Insider Transactions at Telecom Plus

In other news, insider Stuart Burnett acquired 28,125 shares of Telecom Plus stock in a transaction on Wednesday, August 19th. The stock was purchased at an average price of GBX 1 per share, with a total value of £281.25. Also, insider Nick Schoenfeld acquired 8,216 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of GBX 5 per share, with a total value of £410.80. In the last ninety days, insiders have acquired 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 currently owned by insiders.

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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