Shares of Telecom Italia SpA (NYSE:TI) have been assigned an average rating of “Sell” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a sell rating and four have issued a hold rating on the company.
TI has been the subject of several research reports. Zacks Investment Research raised Telecom Italia from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 14th. BNP Paribas reaffirmed an “underperform” rating on shares of Telecom Italia in a research report on Tuesday, September 4th. Citigroup raised Telecom Italia from a “sell” rating to a “neutral” rating in a research report on Monday, September 10th. Barclays cut Telecom Italia from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 1st. Finally, TheStreet cut Telecom Italia from a “c-” rating to a “d” rating in a research report on Friday, November 9th.
TI opened at $6.28 on Friday. The firm has a market cap of $13.38 billion, a PE ratio of 9.24 and a beta of 0.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.76 and a quick ratio of 0.73. Telecom Italia has a fifty-two week low of $5.44 and a fifty-two week high of $11.28.
Several institutional investors have recently modified their holdings of TI. OLD Mission Capital LLC acquired a new stake in shares of Telecom Italia in the second quarter worth $104,000. Marshall Wace LLP acquired a new stake in shares of Telecom Italia in the third quarter worth $148,000. Blair William & Co. IL acquired a new stake in shares of Telecom Italia in the third quarter worth $178,000. Tuttle Tactical Management acquired a new stake in shares of Telecom Italia in the second quarter worth $179,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Telecom Italia by 34.6% in the third quarter. Bank of New York Mellon Corp now owns 64,620 shares of the utilities provider’s stock worth $387,000 after buying an additional 16,607 shares during the period. 0.80% of the stock is owned by institutional investors and hedge funds.
Telecom Italia Company Profile
Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, the Mediterranean Basin, and South America. It offers landline and mobile telecommunications, voice, messaging, data, Internet, and broadband services for consumers, as well as for small and medium-size enterprises, small offices/home offices, public sector clients, large accounts, and enterprises in the fixed and mobile telecommunications markets.
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