Telecom Plus (LON:TEP) Sets New 12-Month Low – What’s Next?

Telecom Plus Plc (LON:TEP)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 1,296 and last traded at GBX 1,302, with a volume of 182985 shares trading hands. The stock had previously closed at GBX 1,344.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TEP shares. Deutsche Bank Aktiengesellschaft cut their price target on Telecom Plus from GBX 2,580 to GBX 2,000 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Peel Hunt restated a “buy” rating and set 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 issued a GBX 2,600 target price on shares of Telecom Plus in a report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Telecom Plus has a consensus rating of “Buy” and an average price target of GBX 2,400.

Telecom Plus Trading Down 3.1%

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 has a market capitalization of £1.04 billion, a PE ratio of 15.82, a PEG ratio of 2.86 and a beta of 0.57. The business’s 50-day moving average is GBX 1,450.84 and its two-hundred day moving average is GBX 1,717.82.

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

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. Telecom Plus Plc was incorporated in 1996 and is based in London, the United Kingdom.