Telecom Italia SpA (TI) Sees Strong Trading Volume
Shares of Telecom Italia SpA (NYSE:TI) saw unusually-strong trading volume on Friday . Approximately 1,764,559 shares were traded during mid-day trading, an increase of 466% from the previous session’s volume of 311,627 shares.The stock last traded at $7.10 and had previously closed at $6.96.
A number of equities analysts have weighed in on TI shares. Zacks Investment Research upgraded Telecom Italia SpA from a “sell” rating to a “hold” rating in a research note on Saturday, June 18th. JPMorgan Chase & Co. lowered Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a research note on Wednesday. Barclays PLC reiterated an “equal weight” rating on shares of Telecom Italia SpA in a research report on Monday, March 28th. Finally, Raymond James Financial Inc. reiterated a “buy” rating on shares of Telecom Italia SpA in a research report on Monday, May 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Telecom Italia SpA currently has a consensus rating of “Hold” and an average price target of $11.00.
The company has a market capitalization of $13.71 billion and a P/E ratio of 44.25. The firm’s 50 day moving average is $8.76 and its 200 day moving average is $10.13.
Telecom Italia SpA is an Italy-based company engaged in the communications sector. It operates in the fixed and mobile national and international telecommunications sector. Its activities are divided into five business units. The Domestic unit provides telephone and data services on fixed line and mobile networks for retail voice customers and wholesale operators, as well as develop fiber optic networks.
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