Shares of Telecom Italia SpA (NYSE:TI) saw an uptick in trading volume on Wednesday . 83,483 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 75,400 shares.The stock last traded at $9.03 and had previously closed at $9.12.

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

The company’s 50-day moving average is $8.40 and its 200 day moving average is $9.34. The stock has a market cap of $17.58 billion and a PE ratio of 18.53.

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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