Telecom Italia SpA (TI) Stock Price Up 3.5%
Shares of Telecom Italia SpA (NYSE:TI) rose 3.5% during mid-day trading on Monday . The company traded as high as $7.71 and last traded at $7.66, with a volume of 82,936 shares. The stock had previously closed at $7.40.
TI has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 6th. HSBC cut Telecom Italia SpA from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Zacks Investment Research raised Telecom Italia SpA from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays PLC reissued an “equal weight” rating on shares of Telecom Italia SpA in a report on Monday, March 28th. Finally, Raymond James Financial Inc. reissued a “buy” rating on shares of Telecom Italia SpA in a report on Monday, May 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.00.
The company’s 50-day moving average is $8.40 and its 200 day moving average is $9.86. The stock has a market cap of $14.64 billion and a PE ratio of 47.25.
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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