Telecom Italia SpA (TI) Receives Average Rating of “Hold” from Brokerages
Telecom Italia SpA (NYSE:TI) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.78.
A number of research firms have recently issued reports on TI. Zacks Investment Research lowered shares of Telecom Italia from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Raymond James Financial lowered shares of Telecom Italia to a “sell” rating in a research note on Wednesday. Scotiabank reiterated an “outperform” rating and set a $1.80 price objective on shares of Telecom Italia in a research note on Wednesday, November 8th. Finally, Goldman Sachs Group lowered shares of Telecom Italia from a “buy” rating to a “neutral” rating in a research note on Monday, November 13th.
Telecom Italia (TI) opened at $9.12 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.19. Telecom Italia has a 12-month low of $7.50 and a 12-month high of $10.53.
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Telecom Italia 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.
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