Telecom Italia SpA (NYSE:TI) Receives Consensus Rating of “Hold” from Analysts

Shares of Telecom Italia SpA (NYSE:TI) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $1.25.

Several equities analysts have issued reports on TI shares. ValuEngine raised shares of Telecom Italia from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Zacks Investment Research raised shares of Telecom Italia from a “sell” rating to a “buy” rating and set a $6.75 price objective on the stock in a research note on Wednesday, March 27th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $1.25 price objective on shares of Telecom Italia in a research note on Tuesday, February 26th.

A number of institutional investors and hedge funds have recently made changes to their positions in TI. Bank of New York Mellon Corp raised its position in Telecom Italia by 34.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 64,620 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 16,607 shares during the period. Geode Capital Management LLC raised its position in Telecom Italia by 73.4% in the 4th quarter. Geode Capital Management LLC now owns 39,275 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 16,627 shares during the period. OLD Mission Capital LLC raised its position in Telecom Italia by 153.9% in the 4th quarter. OLD Mission Capital LLC now owns 178,791 shares of the utilities provider’s stock worth $992,000 after purchasing an additional 108,379 shares during the period. Covenant Multifamily Offices LLC purchased a new stake in Telecom Italia in the 1st quarter worth about $60,000. Finally, Clearbridge Investments LLC raised its position in Telecom Italia by 0.5% in the 1st quarter. Clearbridge Investments LLC now owns 613,393 shares of the utilities provider’s stock worth $3,852,000 after purchasing an additional 2,914 shares during the period. 0.83% of the stock is currently owned by institutional investors.

TI stock opened at $5.54 on Wednesday. The firm has a fifty day simple moving average of $5.15. Telecom Italia has a 12 month low of $4.87 and a 12 month high of $7.75. The stock has a market cap of $12.06 billion, a P/E ratio of -7.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 0.74.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, South America, and the Mediterranean Basin. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.

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Analyst Recommendations for Telecom Italia (NYSE:TI)

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