Telecom Italia Rating Lowered to Hold at Banca Akros (TI)
Telecom Italia (NYSE:TI) was downgraded by Banca Akros from an “accumulate” rating to a “hold” rating in a research note issued on Friday, AR Network reports.
Shares of Telecom Italia (NYSE:TI) traded down 1.63% on Friday, hitting $7.8399. 40,903 shares of the company’s stock traded hands. Telecom Italia has a one year low of $6.20 and a one year high of $10.62. The stock’s 50-day moving average is $7.31 and its 200-day moving average is $7.43. The company’s market cap is $15.116 billion.
A number of other firms have also recently commented on TI. 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. Separately, 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. 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.50.
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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