Telecom Italia SpA (TI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Telecom Italia SpA (NYSE:TI) have received a consensus rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.17.

A number of research analysts have recently commented on the company. Citigroup cut Telecom Italia from a “neutral” rating to a “sell” rating in a research note on Wednesday, April 25th. ValuEngine cut Telecom Italia from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Telecom Italia from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Berenberg Bank cut Telecom Italia from a “hold” rating to a “sell” rating in a research note on Friday, May 18th. Finally, UBS Group cut Telecom Italia from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 10th.

Shares of Telecom Italia traded down $0.30, reaching $6.95, during trading hours on Friday, according to Marketbeat. The stock had a trading volume of 136,970 shares, compared to its average volume of 216,910. Telecom Italia has a 12 month low of $6.69 and a 12 month high of $11.28. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 10.22 and a beta of 0.73. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.71.



Several institutional investors and hedge funds have recently made changes to their positions in TI. CWM LLC lifted its stake in shares of Telecom Italia by 37.6% in the 2nd quarter. CWM LLC now owns 434,705 shares of the utilities provider’s stock valued at $3,191,000 after acquiring an additional 118,690 shares during the last quarter. Raymond James & Associates increased its holdings in Telecom Italia by 14.5% in the fourth quarter. Raymond James & Associates now owns 242,315 shares of the utilities provider’s stock valued at $2,091,000 after purchasing an additional 30,751 shares during the period. Renaissance Technologies LLC increased its holdings in Telecom Italia by 23.2% in the fourth quarter. Renaissance Technologies LLC now owns 134,900 shares of the utilities provider’s stock valued at $1,164,000 after purchasing an additional 25,394 shares during the period. Finally, Wetherby Asset Management Inc. acquired a new stake in Telecom Italia in the second quarter valued at $106,000. Institutional investors own 0.76% of the company’s stock.

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, the Mediterranean Basin, and South America. It offers landline and mobile telecommunications, voice, messaging, data, Internet, and broadband services for consumers, as well as for small and medium-size enterprises, small offices/home offices, public sector clients, large accounts, and enterprises in the fixed and mobile telecommunications markets.

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Analyst Recommendations for Telecom Italia (NYSE:TI)

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