Telecom Italia Hits New 52-Week High at $11.98 (TI)
Telecom Italia (NYSE:TI) shares hit a new 52-week high during trading on Tuesday , American Banking News reports. The stock traded as high as $11.98 and last traded at $11.94, with a volume of 107,290 shares. The stock had previously closed at $11.62.
A number of research firms have recently commented on TI. Analysts at Zacks upgraded shares of Telecom Italia from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $11.50 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Telecom Italia in a research note on Thursday, January 23rd. Finally, analysts at Espirito Santo Investment Bank Research downgraded shares of Telecom Italia from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Telecom Italia currently has a consensus rating of “Hold” and an average price target of $11.50.
The stock’s 50-day moving average is $11.07 and its 200-day moving average is $9.14. The company’s market cap is $23.098 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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