Shares of Telecom Italia SpA (NYSE:TI) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $1.25.
TI has been the subject of a number of research reports. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Saturday, July 13th. ValuEngine raised Westpac Banking from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd.
NYSE TI remained flat at $$5.63 during trading hours on Friday. The business has a 50 day simple moving average of $5.49. Telecom Italia has a 12 month low of $4.87 and a 12 month high of $7.75. The stock has a market capitalization of $11.95 billion, a P/E ratio of -7.93 and a beta of 0.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.74 and a quick ratio of 0.72.
Institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC boosted its position in shares of Telecom Italia by 0.5% during the first quarter. Clearbridge Investments LLC now owns 613,393 shares of the utilities provider’s stock valued at $3,852,000 after buying an additional 2,914 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Telecom Italia by 36.0% during the second quarter. Wetherby Asset Management Inc. now owns 17,446 shares of the utilities provider’s stock valued at $96,000 after buying an additional 4,617 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Telecom Italia by 13.6% during the fourth quarter. Bank of New York Mellon Corp now owns 73,386 shares of the utilities provider’s stock worth $407,000 after acquiring an additional 8,766 shares during the period. Covenant Multifamily Offices LLC bought a new stake in Telecom Italia during the first quarter worth $60,000. Finally, Geode Capital Management LLC lifted its holdings in Telecom Italia by 73.4% during the fourth quarter. Geode Capital Management LLC now owns 39,275 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 16,627 shares during the period. 0.83% of the stock is owned by hedge funds and other institutional investors.
Telecom Italia Company Profile
Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, South America, and the Mediterranean Basin. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.
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