Telecom Italia SpA (TI) Stock Price Up 3.5%
Telecom Italia SpA (NYSE:TI) shares rose 3.5% during trading on Monday . The stock traded as high as $7.71 and last traded at $7.66, with a volume of 82,936 shares. The stock had previously closed at $7.40.
TI has been the subject of several analyst reports. JPMorgan Chase & Co. cut shares of Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 6th. HSBC cut shares of Telecom Italia SpA from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut shares of Telecom Italia SpA from a “buy” rating to a “sell” rating in a report on Thursday, May 19th. Barclays PLC reiterated an “equal weight” rating on shares of Telecom Italia SpA in a report on Monday, March 28th. Finally, Raymond James Financial Inc. reiterated a “buy” rating on shares of Telecom Italia SpA in a report on Monday, May 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.00.
The company’s 50 day moving average is $8.48 and its 200-day moving average is $9.96. The firm has a market capitalization of $14.83 billion and a PE ratio of 47.88.
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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