Telecom Plus (LON:TEP) Stock Price Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• Telecom Plus shares fell below their 200-day moving average of GBX 1,892.59 during trading, last seen at GBX 1,822.15.
• Berenberg Bank has set a "buy" rating with a price target of GBX 2,600, indicating potential upside for the stock.
• Recent insider selling activity included significant transactions by two executives, with 13.79% of the company’s stock owned by insiders.

Telecom Plus Plc (LON:TEP - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,892.59 ($25.51) and traded as low as GBX 1,814 ($24.45). Telecom Plus shares last traded at GBX 1,822.15 ($24.56), with a volume of 62,268 shares changing hands.

Wall Street Analyst Weigh In

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

Telecom Plus Trading Up 0.9%

The company has a debt-to-equity ratio of 77.52, a current ratio of 1.77 and a quick ratio of 1.29. The company has a market capitalization of £1.47 billion, a price-to-earnings ratio of 1,932.70, a P/E/G ratio of 2.86 and a beta of 0.57. The business's 50-day moving average price is GBX 1,852.43 and its two-hundred day moving average price is GBX 1,892.59.

Insider Buying and Selling at Telecom Plus

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

Telecom Plus Company Profile

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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