Telecom Plus (LON:TEP) Hits New 52-Week Low – Here’s What Happened

Telecom Plus Plc (LON:TEP)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 1,366 and last traded at GBX 1,368.46, with a volume of 23047 shares trading hands. The stock had previously closed at GBX 1,380.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Telecom Plus from GBX 2,580 to GBX 2,000 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Peel Hunt restated a “buy” rating and issued a GBX 2,600 target price on shares of Telecom Plus in a research note on Tuesday, November 25th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,600 price target on shares of Telecom Plus in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Telecom Plus has an average rating of “Buy” and an average target price of GBX 2,400.

Telecom Plus Stock Performance

The company has a market capitalization of £1.10 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. 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 50-day simple moving average of GBX 1,660.44 and a 200-day simple moving average of GBX 1,828.05.

Telecom Plus (LON:TEP) last issued its quarterly earnings results on Tuesday, November 25th. The company reported GBX 31.50 earnings per share (EPS) for the quarter. Telecom Plus had a net margin of 3.48% and a return on equity of 31.35%. On average, analysts anticipate that Telecom Plus Plc will post 118.0645161 earnings per share for the current year.

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.