Telecom Plus (LON:TEP) Shares Pass Below 200 Day Moving Average - Time to Sell?

Key Points

• Telecom Plus shares fell below their 200-day moving average, trading as low as GBX 849 and last changing hands at GBX 850, compared with the 200-day average of GBX 1,130.04.
• Analyst sentiment has weakened: Deutsche Bank downgraded the stock to “hold” with a GBX 700 target, while Berenberg cut its target to GBX 1,200. Despite the reductions, analysts’ average rating remains “Moderate Buy,” with a GBX 1,500 average target.
• Insiders have been buying shares, including a 250,000-share purchase by Charles Wigoder at GBX 827; insiders own 19.13% of the company. Telecom Plus reported quarterly EPS of GBX 102.20 and revenue of GBX 194.11 billion.

Shares of Telecom Plus Plc (LON:TEP - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,130.04 and traded as low as GBX 849. Telecom Plus shares last traded at GBX 850, with a volume of 246,929 shares trading hands.

Wall Street Analyst Weigh In

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

Telecom Plus Trading Down 0.1%

The firm has a market capitalization of £663.51 million, a PE ratio of 8.51, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company's 50-day simple moving average is GBX 870.48 and its 200 day simple moving average is GBX 1,130.04. The company has a quick ratio of 1.28, a current ratio of 1.58 and a debt-to-equity ratio of 87.91.

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

Insider Buying and Selling

In other Telecom Plus news, insider Charles Wigoder purchased 250,000 shares of Telecom Plus stock in a transaction dated Friday, July 10th. The shares were acquired at an average cost of GBX 827 per share, with a total value of £2,067,500. Also, insider Gemma Godfrey purchased 637 shares of Telecom Plus stock in a transaction dated Monday, August 3rd. The shares were acquired at an average cost of GBX 870 per share, for a total transaction of £5,541.90. Insiders acquired 840,225 shares of company stock valued at $627,314,262 over the last quarter. Insiders own 19.13% 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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