Telecom Plus Shares Slip Below 200-Day Moving Average - What's Next?

Telecom Plus Plc (LON:TEP) shares fell below their 200-day moving average during trading on Tuesday. The stock, which has a 200-day moving average of GBX 1,757.94 ($21.89), dipped to as low as GBX 1,726 ($21.49). The last recorded trading price for Telecom Plus was GBX 1,726 ($21.49), with a trading volume of 68,773 shares.

Telecom Plus Stock Overview

Recently, Telecom Plus has reported some key financial ratios. The company has a quick ratio of 1.29 and a current ratio of 1.77. Its debt-to-equity ratio stands at 77.52. The market capitalization of Telecom Plus is approximately £1.37 billion, with a P/E ratio of 1,939.33 and a PEG ratio of 2.86. The beta value of the stock is noted at 0.57, indicating lower volatility compared to the market.

The company also has a fifty-day simple moving average of GBX 1,703.11, alongside the previously mentioned 200-day moving average.

Recent Earnings Report

Telecom Plus recently released its earnings results on November 26th. The company achieved earnings of GBX 43.60 ($0.54) per share for the quarter. Notably, the return on equity was 30.66%, with a net margin of 3.48%. Analysts predict that Telecom Plus Plc will report earnings of 118.06 per share for the current fiscal year.

Dividend Announcement and Cuts

In a recent update, Telecom Plus announced a dividend payment that was executed on December 20th. Shareholders of record as of December 5th were paid a dividend of GBX 37 ($0.46) per share, which corresponds to a yield of 2.1%. The ex-dividend date was likewise December 5th. Telecom Plus's dividend payout ratio is reported to be extraordinarily high at 9,325.84%.

Insider Transactions

In other news regarding Telecom Plus, insider Charles Wigoder purchased 200,000 shares of the company's stock in a transaction dated December 2nd. These shares were bought at an average price of GBX 1,770 ($22.04) each, amounting to a total transaction value of £3,540,000 ($4,407,919.31). Company insiders hold a total of 11.54% of the company's stock.

Company Background

Telecom Plus Plc is a provider of various utility services across the United Kingdom. The company offers a wide range of services that include gas and electricity, fixed-line and mobile telephony, broadband, as well as insurance products. Services are provided under its Utility Warehouse and TML brands.

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This news article has been generated using narrative science technology based on the latest financial data to ensure accuracy and speed of reporting.

Investment Outlook for Telecom Plus

Before making investment decisions regarding Telecom Plus, investors should evaluate their options carefully. Currently, analysts have rated the stock as a "Hold," suggesting a cautious approach from the market. However, other better-performing stocks have been identified by analysts as having stronger potential for returns.

Telecom, Stocks, Earnings