Telecom Plus (LON:TEP) Shares Cross Below Two Hundred Day Moving Average of $1,719.80

Telecom Plus Plc (LON:TEP)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,719.80 ($21.52) and traded as low as GBX 1,560 ($19.52). Telecom Plus shares last traded at GBX 1,600 ($20.02), with a volume of 79,920 shares.

Telecom Plus Price Performance

The stock has a market cap of £1.25 billion, a price-to-earnings ratio of 1,847.06, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The company has a 50-day simple moving average of GBX 1,630.37 and a two-hundred day simple moving average of GBX 1,718.24. The company has a debt-to-equity ratio of 39.17, a quick ratio of 1.29 and a current ratio of 1.20.

Telecom Plus Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 11th. Shareholders of record on Thursday, July 20th were given a dividend of GBX 46 ($0.58) per share. This is a positive change from Telecom Plus’s previous dividend of $34.00. The ex-dividend date was Thursday, July 20th. This represents a dividend yield of 3.05%. Telecom Plus’s payout ratio is 9,411.76%.

Insiders Place Their Bets

In related news, insider Stuart Burnett purchased 6,410 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of GBX 1,560 ($19.52) per share, with a total value of £99,996 ($125,135.78). Insiders own 11.79% of the company’s stock.

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.