TIM (TI) Downgraded by Berenberg Bank to Sell
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.
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.
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