Telecom Italia SpA (NYSE:TI) has been given a consensus rating of “Sell” by the twelve research firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $10.53.
TI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Telecom Italia from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Barclays lowered shares of Telecom Italia from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 1st. BNP Paribas reiterated an “underperform” rating on shares of Telecom Italia in a research note on Tuesday, September 4th. TheStreet lowered shares of Telecom Italia from a “c-” rating to a “d” rating in a research note on Friday, November 9th. Finally, Citigroup upgraded shares of Telecom Italia from a “sell” rating to a “neutral” rating in a research note on Monday, September 10th.
Shares of NYSE TI traded up $0.14 during midday trading on Tuesday, reaching $6.03. The stock had a trading volume of 139,721 shares, compared to its average volume of 245,312. The company has a market capitalization of $12.80 billion, a P/E ratio of 8.87 and a beta of 0.42. Telecom Italia has a twelve month low of $5.44 and a twelve month high of $11.28. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.68 and a current ratio of 0.76.
Telecom Italia Company Profile
Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, the Mediterranean Basin, and South America. It offers landline and mobile telecommunications, voice, messaging, data, Internet, and broadband services for consumers, as well as for small and medium-size enterprises, small offices/home offices, public sector clients, large accounts, and enterprises in the fixed and mobile telecommunications markets.
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