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.
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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