Telecom Italia SpA (TI) Raised to Equal Weight at Barclays PLC
Telecom Italia SpA (NYSE:TI) was upgraded by stock analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating in a report released on Monday.
A number of other equities analysts have also commented on the stock. Macquarie raised shares of Telecom Italia SpA from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 22nd. TheStreet downgraded shares of Telecom Italia SpA from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Zacks Investment Research upgraded shares of Telecom Italia SpA from a “sell” rating to a “hold” rating and set a $8.50 price objective on the stock in a research note on Tuesday, July 19th. HSBC downgraded shares of Telecom Italia SpA from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. downgraded shares of Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a research note 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 has an average rating of “Hold” and a consensus price target of $8.50.
Shares of Telecom Italia SpA (NYSE:TI) traded up 2.68% during midday trading on Monday, reaching $8.04. 58,610 shares of the company’s stock were exchanged. The firm has a market cap of $15.57 billion, a PE ratio of 16.75 and a beta of 1.59. The stock’s 50-day moving average is $8.43 and its 200 day moving average is $8.83. Telecom Italia SpA has a one year low of $6.95 and a one year high of $14.18.
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A number of large investors have recently made changes to their positions in TI. Gabelli Funds LLC increased its stake 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. Zweig DiMenna Associates LLC purchased a new stake in shares of Telecom Italia SpA during the second quarter valued at $241,000. Ameriprise Financial Inc. increased its stake 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. Finally, Rhumbline Advisers increased its stake 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. Institutional investors own 0.72% of the company’s stock.
About Telecom Italia SpA
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.
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