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.
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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