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

Shares of Telecom Italia SpA (NYSE:TI) have received an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $6.17.

Several research firms have recently weighed in on TI. Zacks Investment Research downgraded Telecom Italia from a “hold” rating to a “sell” rating in a research note on Saturday, July 7th. UBS Group downgraded Telecom Italia from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 10th. Citigroup upgraded Telecom Italia from a “sell” rating to a “neutral” rating in a research note on Monday, September 10th. BNP Paribas reiterated an “underperform” rating on shares of Telecom Italia in a research note on Tuesday, September 4th. Finally, Barclays downgraded Telecom Italia from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 1st.

Shares of NYSE:TI opened at $5.89 on Friday. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 8.66 and a beta of 0.62. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.06. Telecom Italia has a 1 year low of $5.44 and a 1 year high of $11.28.

Hedge funds have recently bought and sold shares of the company. OLD Mission Capital LLC bought a new position in shares of Telecom Italia during the 2nd quarter worth $104,000. Wetherby Asset Management Inc. purchased a new stake in Telecom Italia during the 2nd quarter worth about $106,000. Tuttle Tactical Management purchased a new stake in Telecom Italia during the 2nd quarter worth about $179,000. Jane Street Group LLC purchased a new stake in Telecom Italia during the 2nd quarter worth about $1,498,000. Finally, CWM LLC lifted its holdings in Telecom Italia by 37.6% during the 2nd 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 in the last quarter. Institutional investors own 0.77% 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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