Telecom Italia SpA (TI) Sees Unusually-High Trading Volume
Telecom Italia SpA (NYSE:TI) shares saw an uptick in trading volume on Wednesday . 167,630 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 99,566 shares.The stock last traded at $9.01 and had previously closed at $9.05.
A number of brokerages recently commented on TI. TheStreet upgraded Telecom Italia SpA from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Zacks Investment Research upgraded Telecom Italia SpA from a “sell” rating to a “hold” rating and set a $8.50 price objective for the company in a research report on Tuesday, July 19th. HSBC lowered Telecom Italia SpA from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. JPMorgan Chase & Co. lowered Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Finally, Raymond James Financial Inc. reiterated a “buy” rating on shares of Telecom Italia SpA in a research report on Monday, May 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $8.50.
The company has a market cap of $17.68 billion and a PE ratio of 18.63. The stock has a 50-day moving average price of $8.20 and a 200 day moving average price of $9.36.
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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