Telecom Italia SpA (NYSE:TI) was upgraded by equities researchers at Macquarie to an “outperform” rating in a report released on Thursday.

A number of other equities research analysts also recently issued reports on TI. Zacks Investment Research upgraded shares of Telecom Italia SpA from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. TheStreet upgraded Telecom Italia SpA from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. HSBC downgraded Telecom Italia SpA from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, JPMorgan Chase & Co. downgraded Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.50.

Telecom Italia SpA (NYSE:TI) opened at 8.36 on Thursday. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 17.06 and a beta of 1.55. The stock’s 50 day moving average price is $8.76 and its 200 day moving average price is $9.22. Telecom Italia SpA has a 52-week low of $6.95 and a 52-week high of $14.18.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in shares of Telecom Italia SpA by 32.4% in the second quarter. Rhumbline Advisers now owns 17,158 shares of the company’s stock valued at $140,000 after buying an additional 4,200 shares during the period. Ameriprise Financial Inc. increased its position in shares of Telecom Italia SpA by 26.0% in the second quarter. Ameriprise Financial Inc. now owns 25,455 shares of the company’s stock valued at $208,000 after buying an additional 5,255 shares during the period. Zweig DiMenna Associates LLC acquired a new position in shares of Telecom Italia SpA during the second quarter valued at $241,000. Finally, Gabelli Funds LLC increased its position in shares of Telecom Italia SpA by 2.8% in the second quarter. Gabelli Funds LLC now owns 369,000 shares of the company’s stock valued at $3,015,000 after buying an additional 10,000 shares during the period. Institutional investors own 0.71% of the company’s stock.

Telecom Italia SpA Company Profile

Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment.

5 Day Chart for NYSE:TI

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