Analysts’ Recent Ratings Updates for Telecom Italia (TI)

Telecom Italia (NYSE: TI) recently received a number of ratings updates from brokerages and research firms:

  • 9/20/2018 – Telecom Italia was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.50 price target on the stock. According to Zacks, “The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines (for final retail customers and wholesale providers), the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications (especially in Brazil), and the television sector using both analog and digital terrestrial technology. The Group also operates businesses in the office products sector. “
  • 9/19/2018 – Telecom Italia was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines (for final retail customers and wholesale providers), the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications (especially in Brazil), and the television sector using both analog and digital terrestrial technology. The Group also operates businesses in the office products sector. “
  • 9/13/2018 – Telecom Italia was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $7.25 price target on the stock. According to Zacks, “The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines (for final retail customers and wholesale providers), the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications (especially in Brazil), and the television sector using both analog and digital terrestrial technology. The Group also operates businesses in the office products sector. “
  • 9/10/2018 – Telecom Italia was upgraded by analysts at Citigroup Inc from a “sell” rating to a “neutral” rating.
  • 9/4/2018 – Telecom Italia had its “underperform” rating reaffirmed by analysts at BNP Paribas.
  • 8/14/2018 – Telecom Italia was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines (for final retail customers and wholesale providers), the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications (especially in Brazil), and the television sector using both analog and digital terrestrial technology. The Group also operates businesses in the office products sector. “

Shares of TI traded down $0.03 during trading hours on Thursday, hitting $6.31. 5,839 shares of the stock were exchanged, compared to its average volume of 209,388. Telecom Italia SpA has a fifty-two week low of $5.80 and a fifty-two week high of $11.28. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.06. The stock has a market cap of $13.80 billion, a PE ratio of 9.28 and a beta of 0.68.

Institutional investors and hedge funds have recently bought and sold shares of the company. OLD Mission Capital LLC acquired a new stake in Telecom Italia in the second quarter worth $104,000. Wetherby Asset Management Inc. acquired a new stake in Telecom Italia in the second quarter worth $106,000. Tuttle Tactical Management acquired a new stake in Telecom Italia in the second quarter worth $179,000. Jane Street Group LLC acquired a new stake in Telecom Italia in the second quarter worth $1,498,000. Finally, CWM LLC grew its holdings in Telecom Italia by 37.6% in the second quarter. CWM LLC now owns 434,705 shares of the utilities provider’s stock worth $3,191,000 after purchasing an additional 118,690 shares during the period. Institutional investors own 0.77% of the company’s stock.

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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