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

Telecom Plus logo with Utilities background

Key Points

  • Telecom Plus Plc's stock price fell below its 200-day moving average of GBX 1,860.67, indicating potential weakness in the stock's performance.
  • Berenberg Bank has initiated coverage on Telecom Plus with a "buy" rating and a price target of GBX 2,600, suggesting analysts' optimism about future growth.
  • Insider selling has occurred, with significant shares sold by Nick Schoenfeld and Stuart Burnett, highlighting a potential shift in management sentiment regarding the stock's near-term prospects.
  • Need better tools to track Telecom Plus? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Telecom Plus Plc (LON:TEP - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,860.67 ($25.09) and traded as low as GBX 1,854 ($25.00). Telecom Plus shares last traded at GBX 1,872.95 ($25.25), with a volume of 92,971 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank began coverage on Telecom Plus in a research note on Wednesday, May 7th. They set a "buy" rating and a GBX 2,600 price target on the stock. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of GBX 2,600.

Get Our Latest Analysis on Telecom Plus

Telecom Plus Price Performance

The company has a market capitalization of £1.50 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 2.86 and a beta of 0.57. The stock has a fifty day simple moving average of GBX 1,933.22 and a 200-day simple moving average of GBX 1,864.09. The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29.

Telecom Plus (LON:TEP - Get Free Report) last announced its quarterly 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%. On average, equities research analysts anticipate that Telecom Plus Plc will post 118.0645161 EPS for the current year.

Insider Activity at Telecom Plus

In other news, insider Stuart Burnett sold 8,642 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of GBX 1,988, for a total transaction of £171,802.96. Also, insider Nick Schoenfeld sold 5,798 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of GBX 1,988, for a total value of £115,264.24. Corporate insiders own 11.54% of the company's stock.

Telecom Plus Company Profile

(Get Free Report)

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.

Further Reading

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