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Telecom Italia (NYSE:TI) was downgraded by Espirito Santo Investment Bank Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, StockRatingsNetwork.com reports.

A number of other firms have also recently commented on TI. Analysts at Nomura upgraded shares of Telecom Italia from a “reduce” rating to a “neutral” rating in a research note to investors on Thursday, January 16th. Separately, analysts at Jefferies Group initiated coverage on shares of Telecom Italia in a research note to investors on Thursday, January 16th. They set a “hold” rating on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Telecom Italia in a research note to investors on Tuesday, December 24th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target 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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