Telecom plus (LON:TEP) Shares Cross Above 50 Day Moving Average of $1,310.12

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Telecom plus PLC (LON:TEP)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1,310.12 and traded as high as $1,222.00. Telecom plus shares last traded at $1,187.48, with a volume of 25,155 shares trading hands.

TEP has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Telecom plus in a report on Wednesday, May 15th. Peel Hunt reiterated a “buy” rating on shares of Telecom plus in a report on Monday, August 19th. Finally, Numis Securities reiterated a “buy” rating on shares of Telecom plus in a report on Thursday, June 13th.

The stock has a market capitalization of $931.19 million and a PE ratio of 27.94. The stock has a fifty day moving average of GBX 1,305.92 and a 200-day moving average of GBX 1,413.27. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 27.20.

The business also recently announced a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, July 11th were issued a GBX 27 ($0.35) dividend. The ex-dividend date was Thursday, July 11th. This is a positive change from Telecom plus’s previous dividend of $25.00. This represents a yield of 1.82%. Telecom plus’s dividend payout ratio (DPR) is 1.23%.

Telecom plus Company Profile (LON:TEP)

Telecom Plus PLC provides a range of utility services to residential and small business customers in the United Kingdom. The company operates in two segments, Customer Acquisition and Customer Management. The Customer Acquisition segment sells a range of equipment, such as mobile phone handsets and wireless Internet routers.

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