Telecom Italia SpA Reaches New 52-Week High at $13.43 (TI)
Telecom Italia SpA (NYSE:TI) reached a new 52-week high during mid-day trading on Friday , AnalystRatingsNetwork reports. The company traded as high as $13.43 and last traded at $13.41, with a volume of 48,136 shares trading hands. The stock had previously closed at $12.95.
Several analysts have recently commented on the stock. Analysts at Banca Akros upgraded shares of Telecom Italia SpA from a “hold” rating to an “accumulate” rating in a research note on Monday, April 14th. Separately, analysts at Zacks downgraded shares of Telecom Italia SpA from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 10th. They now have a $13.00 price target on the stock. Finally, analysts at Berenberg Bank upgraded shares of Telecom Italia SpA from a “hold” rating to a “buy” rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $13.00.
The stock’s 50-day moving average is $12.31 and its 200-day moving average is $11.17. The company’s market cap is $25.779 billion.
Telecom Italia SpA is an Italy-based company engaged in the communications sector. It operates in the fixed and mobile national and international telecommunications sector.
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