JPMorgan Chase & Co. Reaffirms Neutral Rating for Telecom Italia (OTCMKTS:TIIAY)

Telecom Italia (OTCMKTS:TIIAY)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, The Fly reports.

Several other research firms also recently commented on TIIAY. UBS Group reaffirmed a “sell” rating on shares of Telecom Italia in a report on Wednesday, June 24th. Barclays reissued an “equal weight” rating on shares of Telecom Italia in a report on Wednesday, May 20th. Finally, Zacks Investment Research downgraded shares of Telecom Italia from a “hold” rating to a “sell” rating in a report on Wednesday, August 26th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.25.

Shares of TIIAY stock traded up $0.04 during trading hours on Wednesday, hitting $4.40. 72,370 shares of the company were exchanged, compared to its average volume of 141,473. The firm has a fifty day simple moving average of $4.42 and a 200 day simple moving average of $4.13. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.15. Telecom Italia has a 52-week low of $3.02 and a 52-week high of $6.42. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 8.00 and a beta of 0.92.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, South America, and the Mediterranean Basin. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.

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Analyst Recommendations for Telecom Italia (OTCMKTS:TIIAY)

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