Telecom Italia SpA (NYSE:TI)’s share price rose 3.7% on Thursday . The stock traded as high as $8.81 and last traded at $8.73, with a volume of 51,378 shares changing hands. The stock had previously closed at $8.42.

TI has been the topic of several analyst reports. JPMorgan Chase & Co. downgraded Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Zacks Investment Research upgraded Telecom Italia SpA from a “sell” rating to a “hold” rating and set a $8.50 target price on the stock in a research report on Tuesday, July 19th. HSBC downgraded Telecom Italia SpA from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. TheStreet upgraded Telecom Italia SpA from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, Raymond James Financial Inc. restated a “buy” rating on shares of Telecom Italia SpA in a research report on Monday, May 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Telecom Italia SpA presently has an average rating of “Hold” and a consensus price target of $8.50.

The stock has a market cap of $16.85 billion and a P/E ratio of 16.73. The company has a 50 day moving average price of $7.92 and a 200-day moving average price of $9.49.

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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