Telecom Plus (LON:TEP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Telecom Plus Plc (LON:TEP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,753.21 ($22.06) and traded as low as GBX 1,672 ($21.04). Telecom Plus shares last traded at GBX 1,698 ($21.37), with a volume of 65,774 shares changing hands.

Telecom Plus Trading Down 0.1 %

The company has a market cap of £1.35 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 2.86 and a beta of 0.57. The company has a debt-to-equity ratio of 77.52, a quick ratio of 1.29 and a current ratio of 1.77. The firm has a fifty day moving average price of GBX 1,692.39 and a 200 day moving average price of GBX 1,753.21.

Telecom Plus (LON:TEP) last released its quarterly earnings data on Tuesday, November 26th. The company reported GBX 43.60 ($0.55) 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 predict that Telecom Plus Plc will post 118.0645161 EPS for the current fiscal year.

Telecom Plus Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 5th were paid a GBX 37 ($0.47) dividend. This represents a yield of 2.1%. The ex-dividend date was Thursday, December 5th. Telecom Plus’s dividend payout ratio (DPR) is presently 93.47%.

Insider Activity at Telecom Plus

In other Telecom Plus news, insider Charles Wigoder purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of GBX 1,770 ($22.27) per share, for a total transaction of £3,540,000 ($4,454,511.14). 11.54% of the stock is owned by company 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.