Separately, Zacks Investment Research upgraded Telecom Italia from a hold rating to a buy rating and set a $6.25 price target on the stock in a research note on Friday, July 26th.
TIIAY traded down $0.15 on Thursday, hitting $5.49. 31,387 shares of the stock traded hands, compared to its average volume of 213,272. Telecom Italia has a 52 week low of $4.87 and a 52 week high of $7.45. The company has a quick ratio of 0.72, a current ratio of 0.74 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $11.66 billion, a price-to-earnings ratio of -7.73 and a beta of 0.76.
Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, South America, and the Mediterranean Basin. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.
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