Telecom Plus (LON:TEP) Hits New 52-Week Low - Here's Why

Key Points

• Telecom Plus hit a new 52-week low, trading as low as GBX 1,122 and last at GBX 1,136 on volume of 1,422,463 shares while sitting well below its 50‑day (GBX 1,326.85) and 200‑day (GBX 1,440.58) moving averages.
• Analysts remain bullish — Berenberg reaffirmed a "Buy" with a GBX 2,600 target and the Street consensus is "Buy" with an average price target of GBX 2,400.
• Mixed fundamentals: market cap ~£837.7m and a P/E of 12.7 suggest moderate valuation, but a high debt‑to‑equity ratio (101.39) contrasts with decent liquidity (current ratio 1.97, quick ratio 1.29).

Telecom Plus Plc (LON:TEP - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 1,122 and last traded at GBX 1,136, with a volume of 1422463 shares changing hands. The stock had previously closed at GBX 1,166.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,600 price target on shares of Telecom Plus in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Telecom Plus has a consensus rating of "Buy" and a consensus price target of GBX 2,400.

Telecom Plus Stock Performance

The firm has a fifty day simple moving average of GBX 1,326.85 and a 200 day simple moving average of GBX 1,440.58. The company has a current ratio of 1.97, a quick ratio of 1.29 and a debt-to-equity ratio of 101.39. The stock has a market cap of £837.71 million, a price-to-earnings ratio of 12.71, a PEG ratio of 2.86 and a beta of 0.50.

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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