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Telecom Plus (LON:TEP) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Telecom Plus logo with Utilities background

Telecom Plus Plc (LON:TEP - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,753.21 ($22.22) and traded as low as GBX 1,672 ($21.19). Telecom Plus shares last traded at GBX 1,698 ($21.52), with a volume of 65,774 shares trading hands.

Telecom Plus Trading Up 0.8 %

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 firm has a market capitalization of £1.35 billion, a PE ratio of 19.08, a PEG ratio of 2.86 and a beta of 0.57. The stock's fifty day simple moving average is GBX 1,691.31 and its 200 day simple moving average is GBX 1,752.01.

Telecom Plus (LON:TEP - Get Free Report) last announced its earnings results 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%. On average, sell-side analysts predict that Telecom Plus Plc will post 118.0645161 earnings per share for the current year.

Telecom Plus Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 5th were issued a dividend of GBX 37 ($0.47) per share. This represents a yield of 2.1%. The ex-dividend date of this dividend was Thursday, December 5th. Telecom Plus's dividend payout ratio is currently 93.47%.

Insider Transactions at Telecom Plus

In other news, insider Charles Wigoder bought 200,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average price of GBX 1,770 ($22.43) per share, for a total transaction of £3,540,000 ($4,485,554.99). Corporate insiders own 11.54% of the company's stock.

Telecom Plus Company Profile

(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.

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