Several other research firms have also recently weighed in on TI. Sanford C. Bernstein restated a market perform rating on shares of Telecom Italia S.P.A. in a research note on Tuesday, August 29th. Zacks Investment Research cut Telecom Italia S.P.A. from a buy rating to a hold rating in a research note on Thursday, September 28th. Finally, Scotiabank restated an outperform rating and set a $1.80 target price on shares of Telecom Italia S.P.A. in a research note on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $6.90.
Telecom Italia S.P.A. (NYSE TI) traded down $0.26 during mid-day trading on Monday, reaching $8.06. The company had a trading volume of 190,700 shares, compared to its average volume of 110,252. Telecom Italia S.P.A. has a 12-month low of $7.10 and a 12-month high of $10.53. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.95 and a quick ratio of 0.92.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TI. Bank of New York Mellon Corp increased its position in Telecom Italia S.P.A. by 10.5% during the first quarter. Bank of New York Mellon Corp now owns 42,832 shares of the utilities provider’s stock worth $385,000 after buying an additional 4,080 shares during the period. Ameriprise Financial Inc. increased its position in Telecom Italia S.P.A. by 24.2% during the first quarter. Ameriprise Financial Inc. now owns 15,632 shares of the utilities provider’s stock worth $141,000 after buying an additional 3,050 shares during the period. JPMorgan Chase & Co. increased its position in Telecom Italia S.P.A. by 13.6% during the first quarter. JPMorgan Chase & Co. now owns 151,106 shares of the utilities provider’s stock worth $1,361,000 after buying an additional 18,070 shares during the period. Renaissance Technologies LLC acquired a new position in Telecom Italia S.P.A. during the first quarter worth approximately $278,000. Finally, CWM LLC increased its position in Telecom Italia S.P.A. by 11.8% during the second quarter. CWM LLC now owns 90,622 shares of the utilities provider’s stock worth $847,000 after buying an additional 9,562 shares during the period. 0.77% of the stock is currently owned by institutional investors.
Telecom Italia S.P.A. Company Profile
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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