Telecom Italia SpA (NYSE:TI) was upgraded by equities research analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Monday.
Several other research analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 6th. Zacks Investment Research upgraded shares of Telecom Italia SpA from a “sell” rating to a “hold” rating and set a $8.50 price target on the stock in a report on Tuesday, July 19th. HSBC lowered shares of Telecom Italia SpA from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Macquarie upgraded shares of Telecom Italia SpA from a “neutral” rating to an “outperform” rating in a report on Thursday, September 22nd. Finally, TheStreet lowered shares of Telecom Italia SpA from a “hold” rating to a “sell” rating in a report on Friday, September 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Telecom Italia SpA presently has an average rating of “Hold” and a consensus price target of $8.50.
Shares of Telecom Italia SpA (NYSE:TI) opened at 8.31 on Monday. The stock has a market cap of $16.09 billion, a P/E ratio of 17.31 and a beta of 1.59. Telecom Italia SpA has a 52-week low of $6.95 and a 52-week high of $14.18. The company has a 50-day moving average of $8.40 and a 200 day moving average of $8.81.
Several hedge funds have recently added to or reduced their stakes in TI. Rhumbline Advisers increased its stake in Telecom Italia SpA by 32.4% in the second quarter. Rhumbline Advisers now owns 17,158 shares of the company’s stock worth $140,000 after buying an additional 4,200 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in Telecom Italia SpA during the second quarter worth $241,000. Ameriprise Financial Inc. increased its stake in Telecom Italia SpA by 26.0% in the second quarter. Ameriprise Financial Inc. now owns 25,455 shares of the company’s stock worth $208,000 after buying an additional 5,255 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in Telecom Italia SpA by 2.8% in the second quarter. Gabelli Funds LLC now owns 369,000 shares of the company’s stock worth $3,015,000 after buying an additional 10,000 shares during the last quarter. 0.72% of the stock is owned by institutional investors and hedge funds.
Telecom Italia SpA 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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