Telecom Italia (TI) Upgraded by Sanford C. Bernstein to Outperform
Telecom Italia (NYSE:TI) was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday, MarketBeat Ratings reports.
Several other equities research analysts have also commented on TI. Scotiabank restated an “outperform” rating and issued a $1.80 price objective on shares of Telecom Italia in a research report on Wednesday, November 8th. Goldman Sachs Group lowered Telecom Italia from a “buy” rating to a “neutral” rating in a research report on Monday, November 13th. Zacks Investment Research lowered Telecom Italia from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Raymond James Financial lowered Telecom Italia from a “strong-buy” rating to an “underperform” rating in a research report on Wednesday, January 17th. Finally, ValuEngine lowered Telecom Italia from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.78.
Shares of Telecom Italia (TI) opened at $9.04 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.19. Telecom Italia has a 52-week low of $7.57 and a 52-week high of $10.53.
Telecom Italia 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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