Telecom Italia Downgraded by Citigroup Inc. to Sell (TI)
Telecom Italia (NYSE:TI) was downgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
TI has been the subject of a number of other recent research reports. Analysts at HSBC upgraded shares of Telecom Italia (NYSE:TI) from an “underweight” rating to a “neutral” rating in a research note to investors on Thursday, September 5th. Separately, analysts at Zacks upgraded shares of Telecom Italia (NYSE:TI) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. They now have a $7.50 price target on the stock. Finally, analysts at Sanford C. Bernstein upgraded shares of Telecom Italia (NYSE:TI) from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, August 30th.
Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.50.
Telecom Italia (NYSE:TI) traded up 0.37% on Monday, hitting $8.04. 42,660 shares of the company’s stock traded hands. Telecom Italia has a 52 week low of $6.20 and a 52 week high of $10.81. The stock’s 50-day moving average is $7.00 and its 200-day moving average is $7.39. The company’s market cap is $15.502 billion.
Telecom Italia S.p.A. is an Italy-based company, which offers infrastructures and technological platforms, on which voice and data become advanced telecommunications services.
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