Telecom Italia S.p.A. (BIT: TIT)‘s stock had its “reduce” rating reaffirmed by research analysts at Nomura in a report released on Thursday. They currently have a $1.04 (€1) target price on the stock.

Shares of Telecom Italia S.p.A. traded down 2.94% during mid-day trading on Thursday, hitting €0.7090. Telecom Italia S.p.A. has a 52 week low of €0.6030 and a 52 week high of €0.9575. The company’s market cap is €13.670 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of Telecom Italia S.p.A. in a research note to investors on Friday, October 19th. They now have a $1.10 price target on the stock. Analysts at Banca Akros reiterated an “accumulate” rating on shares of Telecom Italia S.p.A. in a research note to investors on Friday, October 12th. They now have a $0.90 price target on the stock.

Telecom Italia SpA is an Italy-based company engaged in the communications sector. It is engaged mainly in the fixed and mobile national and international telecommunications sector.

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