Telecom Italia S.P.A. (NYSE:TI) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.00.

TI has been the subject of several recent research reports. Zacks Investment Research cut shares of Telecom Italia S.P.A. from a “buy” rating to a “sell” rating in a research report on Thursday, April 13th. BidaskClub raised shares of Telecom Italia S.P.A. from a “sell” rating to a “hold” rating in a research report on Friday, June 30th.

A number of institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC boosted its position in shares of Telecom Italia S.P.A. by 1.6% in the first quarter. Gabelli Funds LLC now owns 382,000 shares of the utilities provider’s stock valued at $3,442,000 after buying an additional 6,000 shares in the last quarter. CWM LLC acquired a new position in shares of Telecom Italia S.P.A. during the first quarter valued at approximately $730,000. Permian Investment Partners LP boosted its position in shares of Telecom Italia S.P.A. by 2.9% in the first quarter. Permian Investment Partners LP now owns 213,297 shares of the utilities provider’s stock valued at $1,922,000 after buying an additional 6,000 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Telecom Italia S.P.A. during the first quarter valued at approximately $1,094,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Telecom Italia S.P.A. during the first quarter valued at approximately $110,000. 0.77% of the stock is owned by institutional investors.

Shares of Telecom Italia S.P.A. (NYSE:TI) traded up 2.88% during trading on Tuesday, reaching $9.63. 148,216 shares of the company were exchanged. The firm has a 50-day moving average price of $9.53 and a 200-day moving average price of $8.91. Telecom Italia S.P.A. has a 1-year low of $7.10 and a 1-year high of $10.20. The stock has a market capitalization of $20.29 billion, a P/E ratio of 11.20 and a beta of 1.01.

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About Telecom Italia S.P.A.

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.

Analyst Recommendations for Telecom Italia S.P.A. (NYSE:TI)

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