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.

Several institutional investors and hedge funds have recently bought and sold shares of TI. ETRADE Capital Management LLC bought a new stake in shares of Telecom Italia in the second quarter worth $100,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Telecom Italia in the second quarter worth $194,000. Strategic Global Advisors LLC increased its stake in shares of Telecom Italia by 49.2% in the third quarter. Strategic Global Advisors LLC now owns 28,339 shares of the utilities provider’s stock worth $266,000 after buying an additional 9,349 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Telecom Italia by 35.9% in the second quarter. Bank of New York Mellon Corp now owns 58,213 shares of the utilities provider’s stock worth $544,000 after buying an additional 15,381 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Telecom Italia in the second quarter worth $1,225,000. Institutional investors own 0.74% of the company’s stock.

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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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