Telecom Plus PLC (TEP.L) 17-01-20
Will Telecom Plus PLC (TEP.L) break the key resistance line this time, or will it retest the 1130p support once more? (-25%)?
- Currently trading at 1520p, close to the 1520p resistance (at time of writing).
- Is this appealing to the short seller?
- Will the share price fall to recent support of 1130p? (-25%).
- Check the Accendo website and other news outlets for updates. Trading patterns can be disrupted by company news and world events.
- Shares -0% from 12-month highs; +34% from 12 month lows.
Latest News
20 Nov: JP Morgan Cazenove reiterates its neutral rating on Telecom plus (TEP) and reduced the target price to 1450p (from 1500p).
19 Nov: Telecom Plus, the utility service provider, posted a 9.2% increase in H1 profits after acquiring new customers. Profit before tax for the half year to September jumped to £21.1m from £19.3m.
18 Jun: Telecom Plus posted a 4.9% increase in profits for the year. New customers drove a small sales increase.
17 Apr: Telecom Plus cautioned that profits for the year would be toward the bottom end of previous guidance.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires