Telecom Plus (LON:TEP) Shares Cross Below 200 Day Moving Average - Here's Why

Key Points

• Telecom Plus shares fell below their 200-day moving average on Friday, trading as low as GBX 1,818 and closing at GBX 1,852.
• Berenberg Bank has reissued a "buy" rating on Telecom Plus with a price target of GBX 2,600, while the stock maintains a consensus rating of "Buy."
• Recent insider transactions revealed that two insiders sold a total of 14,440 shares at an average price of GBX 1,988 each.

Shares of Telecom Plus Plc (LON:TEP - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,885.70 ($25.27) and traded as low as GBX 1,818 ($24.36). Telecom Plus shares last traded at GBX 1,852 ($24.82), with a volume of 153,872 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of GBX 2,600.

Telecom Plus Price Performance

The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 77.52. The stock has a market cap of £1.48 billion, a price-to-earnings ratio of 1,947.42, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The stock has a fifty day simple moving average of GBX 1,866.01 and a 200-day simple moving average of GBX 1,885.70.

Telecom Plus (LON:TEP - Get Free Report) last posted its earnings results on Tuesday, June 24th. The company reported GBX 119.20 earnings per share (EPS) for the quarter. Telecom Plus had a return on equity of 31.35% and a net margin of 3.48%. As a group, equities research analysts expect that Telecom Plus Plc will post 118.0645161 EPS for the current year.

Insider Transactions at Telecom Plus

In other Telecom Plus news, insider Stuart Burnett sold 8,642 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of GBX 1,988, for a total value of £171,802.96. Also, insider Nick Schoenfeld sold 5,798 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of GBX 1,988, for a total value of £115,264.24. 13.79% of the stock is currently owned by insiders.

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.

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