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.
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.
Recommended Story: Price to Earnings Ratio (PE)
Receive News & Ratings for Telecom Italia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Italia and related companies with MarketBeat.com's FREE daily email newsletter.