Telecom Italia S.P.A. (TI) Receives $1.80 Consensus Target Price from Brokerages
Telecom Italia S.P.A. (NYSE:TI) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1.80.
A number of analysts have recently weighed in on the company. Zacks Investment Research cut Telecom Italia S.P.A. from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Sanford C. Bernstein reissued a “market perform” rating on shares of Telecom Italia S.P.A. in a research report on Tuesday, August 29th. Finally, Scotiabank reissued an “outperform” rating and issued a $1.80 price objective on shares of Telecom Italia S.P.A. in a research report on Wednesday.
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Several institutional investors have recently bought and sold shares of the company. Aperio Group LLC boosted its position in shares of Telecom Italia S.P.A. by 6.7% in the 3rd quarter. Aperio Group LLC now owns 174,725 shares of the utilities provider’s stock worth $1,642,000 after purchasing an additional 10,971 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Telecom Italia S.P.A. by 13.6% in the 1st quarter. JPMorgan Chase & Co. now owns 151,106 shares of the utilities provider’s stock worth $1,361,000 after purchasing an additional 18,070 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Telecom Italia S.P.A. in the 2nd quarter worth $1,225,000. CWM LLC boosted its position in shares of Telecom Italia S.P.A. by 11.8% in the 2nd quarter. CWM LLC now owns 90,622 shares of the utilities provider’s stock worth $847,000 after purchasing an additional 9,562 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Telecom Italia S.P.A. by 13.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 66,100 shares of the utilities provider’s stock worth $622,000 after purchasing an additional 7,887 shares in the last quarter. 0.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Telecom Italia S.P.A. (NYSE TI) traded down $0.11 during midday trading on Wednesday, reaching $8.32. The company’s stock had a trading volume of 128,400 shares, compared to its average volume of 109,883. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 1.22. Telecom Italia S.P.A. has a 1-year low of $7.10 and a 1-year high of $10.53.
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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