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

TI has been the topic of a number of recent research reports. Zacks Investment Research raised Telecom Italia SpA from a “sell” rating to a “hold” rating in a research report on Saturday, June 18th. JPMorgan Chase & Co. downgraded Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. TheStreet raised Telecom Italia SpA from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. HSBC downgraded Telecom Italia SpA from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, Raymond James Financial Inc. reaffirmed a “buy” rating on shares of Telecom Italia SpA in a research report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.50.

The stock has a market capitalization of $16.90 billion and a PE ratio of 16.79. The stock has a 50-day moving average of $7.90 and a 200 day moving average of $9.47.

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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