TIM (NYSE:TI) was downgraded by equities research analysts at Berenberg Bank from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other research firms also recently issued reports on TI. Zacks Investment Research downgraded TIM from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Citigroup downgraded TIM from a “neutral” rating to a “sell” rating in a research report on Wednesday, April 25th. ValuEngine downgraded TIM from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Sanford C. Bernstein upgraded TIM from a “market perform” rating to an “outperform” rating in a research report on Friday, March 2nd. Finally, Goldman Sachs upgraded TIM from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.57 to $10.53 in a research report on Thursday, March 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.36.

TIM stock opened at $8.99 on Friday. TIM has a 12 month low of $9.10 and a 12 month high of $9.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.81 and a current ratio of 0.83.

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its position in shares of TIM by 816.8% during the fourth quarter. Jane Street Group LLC now owns 107,994 shares of the utilities provider’s stock worth $932,000 after acquiring an additional 96,214 shares in the last quarter. Raymond James & Associates lifted its position in shares of TIM by 14.5% during the fourth quarter. Raymond James & Associates now owns 242,315 shares of the utilities provider’s stock worth $2,091,000 after acquiring an additional 30,751 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of TIM by 23.2% during the fourth quarter. Renaissance Technologies LLC now owns 134,900 shares of the utilities provider’s stock worth $1,164,000 after acquiring an additional 25,394 shares in the last quarter. Hedge funds and other institutional investors own 0.75% of the company’s stock.

About TIM

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.

The Fly

Analyst Recommendations for TIM (NYSE:TI)

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