Telecom Italia PT Raised to $0.60 (TI)
Stock analysts at HSBC boosted their price target on shares of Telecom Italia (NYSE:TI) from $0.50 to $0.60 in a report issued on Friday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. HSBC’s price objective points to a potential downside of 92.36% from the stock’s previous close.
Shares of Telecom Italia (NYSE:TI) traded down 1.51% on Friday, hitting $7.85. 116,696 shares of the company’s stock traded hands. Telecom Italia has a 52-week low of $6.20 and a 52-week high of $10.62. The stock has a 50-day moving average of $7.31 and a 200-day moving average of $7.43. The company’s market cap is $15.136 billion.
Several other analysts have also recently commented on the stock. Analysts at Banca Akros downgraded shares of Telecom Italia (NYSE:TI) from an “accumulate” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at Citigroup Inc. downgraded shares of Telecom Italia (NYSE:TI) from a “neutral” rating to a “sell” rating in a research note to investors on Monday, September 16th. Finally, 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. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Telecom Italia has a consensus rating of “Hold” and an average target price of $4.05.
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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