Telecom Italia SpA (TI) Receives Average Rating of “Hold” from Brokerages

Shares of Telecom Italia SpA (NYSE:TI) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.00.

TI has been the subject of a number of recent analyst reports. New Street Research lowered shares of Telecom Italia from a “buy” rating to a “neutral” rating in a report on Tuesday, January 22nd. ValuEngine lowered shares of Telecom Italia from a “hold” rating to a “sell” rating in a report on Friday, January 25th. Zacks Investment Research lowered shares of Telecom Italia from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. Finally, Canaccord Genuity reiterated a “buy” rating and set a $1.25 price target on shares of Telecom Italia in a report on Tuesday, February 26th.

Shares of TI traded down $0.09 during mid-day trading on Friday, reaching $5.81. The company’s stock had a trading volume of 134,993 shares, compared to its average volume of 180,279. The firm has a market cap of $12.31 billion, a price-to-earnings ratio of 8.54 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.68. Telecom Italia has a 52 week low of $4.94 and a 52 week high of $10.99.

A number of institutional investors have recently modified their holdings of TI. OLD Mission Capital LLC increased its position in Telecom Italia by 153.9% during the 4th quarter. OLD Mission Capital LLC now owns 178,791 shares of the utilities provider’s stock valued at $992,000 after purchasing an additional 108,379 shares during the period. Blair William & Co. IL purchased a new position in Telecom Italia during the 3rd quarter valued at $178,000. Marshall Wace LLP purchased a new position in Telecom Italia during the 3rd quarter valued at $148,000. Virtu Financial LLC increased its position in Telecom Italia by 143.6% during the 4th quarter. Virtu Financial LLC now owns 35,620 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 20,999 shares during the period. Finally, Geode Capital Management LLC increased its position in Telecom Italia by 73.4% during the 4th quarter. Geode Capital Management LLC now owns 39,275 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 16,627 shares during the period. 0.84% of the stock is currently owned by institutional investors and hedge funds.

About Telecom Italia

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.

Read More: Gross Domestic Product (GDP)

Analyst Recommendations for Telecom Italia (NYSE:TI)

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