Telecom Italia SpA (TI) Sets New 52-Week Low at $7.16
Telecom Italia SpA (NYSE:TI)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $7.16 and last traded at $7.27, with a volume of 225,563 shares trading hands. The stock had previously closed at $7.98.
Several equities analysts have recently commented on TI shares. JPMorgan Chase & Co. downgraded shares of Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Telecom Italia SpA from a “buy” rating to a “sell” rating in a research note on Thursday, May 19th. Barclays PLC reaffirmed an “equal weight” rating on shares of Telecom Italia SpA in a research note on Monday, March 28th. Finally, Raymond James Financial Inc. reaffirmed a “buy” rating on shares of Telecom Italia SpA in a research note on Monday, May 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.
The firm has a market cap of $13.48 billion and a price-to-earnings ratio of 43.50. The firm has a 50 day moving average price of $8.83 and a 200 day moving average price of $10.17.
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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