Analysts Set Telecom Italia SpA (TI) Price Target at $4.00

Shares of Telecom Italia SpA (NYSE:TI) have earned an average rating of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $1.25.

A number of analysts recently issued reports on the company. Zacks Investment Research cut Telecom Italia from a “buy” rating to a “sell” rating in a research report on Tuesday, May 7th. New Street Research cut Telecom Italia from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 22nd. Canaccord Genuity reissued a “buy” rating and set a $1.25 price objective on shares of Telecom Italia in a research report on Tuesday, February 26th. Finally, ValuEngine cut Telecom Italia from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th.

TI remained flat at $$5.04 during trading on Tuesday. The company had a trading volume of 366,427 shares, compared to its average volume of 177,408. The firm has a market capitalization of $11.02 billion, a PE ratio of -7.10 and a beta of 0.63. Telecom Italia has a 52-week low of $4.94 and a 52-week high of $9.66. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15.



A number of hedge funds and other institutional investors have recently bought and sold shares of the business. OLD Mission Capital LLC raised its holdings in Telecom Italia by 153.9% during the fourth quarter. OLD Mission Capital LLC now owns 178,791 shares of the utilities provider’s stock valued at $992,000 after buying an additional 108,379 shares in the last quarter. Raymond James & Associates increased its stake in shares of Telecom Italia by 7.7% in the first quarter. Raymond James & Associates now owns 163,137 shares of the utilities provider’s stock worth $1,025,000 after purchasing an additional 11,617 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Telecom Italia by 13.6% in the fourth quarter. Bank of New York Mellon Corp now owns 73,386 shares of the utilities provider’s stock worth $407,000 after purchasing an additional 8,766 shares during the period. Geode Capital Management LLC increased its stake in shares of Telecom Italia by 73.4% in the fourth quarter. Geode Capital Management LLC now owns 39,275 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 16,627 shares during the period. Finally, Virtu Financial LLC increased its stake in shares of Telecom Italia by 143.6% in the fourth quarter. Virtu Financial LLC now owns 35,620 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 20,999 shares during the period. Institutional investors own 0.81% of the company’s stock.

Telecom Italia Company Profile

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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