Telecom Italia S.P.A. (NYSE:TI) Receives Consensus Rating of “Hold” from Analysts
Telecom Italia S.P.A. (NYSE:TI) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $12.00.
A number of brokerages recently commented on TI. Zacks Investment Research upgraded shares of Telecom Italia S.P.A. from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Thursday, July 27th. BidaskClub upgraded shares of Telecom Italia S.P.A. from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.
Several institutional investors have recently modified their holdings of TI. ETRADE Capital Management LLC purchased a new position in shares of Telecom Italia S.P.A. during the second quarter worth approximately $100,000. Strategic Global Advisors LLC purchased a new position in shares of Telecom Italia S.P.A. during the second quarter worth approximately $178,000. Bank of New York Mellon Corp increased its position in shares of Telecom Italia S.P.A. by 35.9% in the second quarter. Bank of New York Mellon Corp now owns 58,213 shares of the utilities provider’s stock worth $544,000 after buying an additional 15,381 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Telecom Italia S.P.A. during the second quarter worth approximately $158,000. Finally, Wright Investors Service Inc. purchased a new position in shares of Telecom Italia S.P.A. during the second quarter worth approximately $314,000. Hedge funds and other institutional investors own 0.78% of the company’s stock.
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Shares of Telecom Italia S.P.A. (NYSE TI) traded down 0.60% during mid-day trading on Friday, hitting $9.98. The stock had a trading volume of 47,659 shares. Telecom Italia S.P.A. has a 12 month low of $7.10 and a 12 month high of $10.53. The firm has a market cap of $21.03 billion, a PE ratio of 12.79 and a beta of 1.04. The stock’s 50-day moving average is $9.73 and its 200 day moving average is $9.13.
Telecom Italia S.P.A. Company Profile
Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment.
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