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

Telecom Plus logo with Utilities background

Key Points

  • Telecom Plus's stock price has fallen below its 200-day moving average of GBX 1,852.03, trading as low as GBX 1,808 recently.
  • Berenberg Bank has initiated coverage on Telecom Plus with a "buy" rating and a target price of GBX 2,600 ($35.18).
  • Insider activity includes significant share sales, with two insiders selling a combined 14,440 shares at an average price of GBX 1,988 ($26.90) each.
  • MarketBeat previews top five stocks to own in October.

Telecom Plus Plc (LON:TEP - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,852.03 ($25.02) and traded as low as GBX 1,808 ($24.42). Telecom Plus shares last traded at GBX 1,860 ($25.12), with a volume of 95,832 shares changing hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Telecom Plus

Telecom Plus Price Performance

The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 77.52. The stock's 50-day moving average is GBX 1,953.56 and its 200-day moving average is GBX 1,857.65. The firm has a market cap of £1.48 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57.

Telecom Plus (LON:TEP - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported GBX 119.20 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 analysts anticipate that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Insider Buying and Selling at Telecom Plus

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

About Telecom Plus

(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.

See Also

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