Aperio Group LLC boosted its stake in shares of Telecom Italia S.P.A. (NYSE:TI) by 34.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,754 shares of the utilities provider’s stock after buying an additional 42,297 shares during the period. Aperio Group LLC’s holdings in Telecom Italia S.P.A. were worth $1,531,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Telecom Italia S.P.A. by 24.2% in the first quarter. Ameriprise Financial Inc. now owns 15,632 shares of the utilities provider’s stock valued at $141,000 after buying an additional 3,050 shares during the period. Rational Advisors LLC raised its stake in Telecom Italia S.P.A. by 14.3% in the first quarter. Rational Advisors LLC now owns 24,434 shares of the utilities provider’s stock valued at $220,000 after buying an additional 3,054 shares during the period. Bank of New York Mellon Corp raised its stake in Telecom Italia S.P.A. by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 42,832 shares of the utilities provider’s stock valued at $385,000 after buying an additional 4,080 shares during the period. Gabelli Funds LLC raised its stake in Telecom Italia S.P.A. by 1.6% in the first quarter. Gabelli Funds LLC now owns 382,000 shares of the utilities provider’s stock valued at $3,442,000 after buying an additional 6,000 shares during the period. Finally, Permian Investment Partners LP raised its stake in Telecom Italia S.P.A. by 2.9% in the first quarter. Permian Investment Partners LP now owns 213,297 shares of the utilities provider’s stock valued at $1,922,000 after buying an additional 6,000 shares during the period. 0.78% of the stock is currently owned by institutional investors.

Telecom Italia S.P.A. (TI) traded down 0.60% during mid-day trading on Friday, reaching $9.98. The company’s stock had a trading volume of 47,659 shares. The firm has a 50 day moving average price of $9.73 and a 200-day moving average price of $9.13. Telecom Italia S.P.A. has a 1-year low of $7.10 and a 1-year high of $10.53. The company has a market capitalization of $21.03 billion, a PE ratio of 12.79 and a beta of 1.04.

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Several research firms have weighed in on TI. BidaskClub raised Telecom Italia S.P.A. from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research raised Telecom Italia S.P.A. from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.00.

About Telecom Italia S.P.A.

Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment.

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Institutional Ownership by Quarter for Telecom Italia S.P.A. (NYSE:TI)

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