Analysts Set Telecom Italia S.P.A. (TI) PT at $12.00

Shares of Telecom Italia S.P.A. (NYSE:TI) have received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $12.00.

A number of brokerages recently commented on TI. Zacks Investment Research cut Telecom Italia S.P.A. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub raised Telecom Italia S.P.A. from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Telecom Italia S.P.A. in a report on Tuesday, August 29th.

A number of large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings 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 valued at $141,000 after acquiring an additional 3,050 shares during the period. Rational Advisors LLC raised its holdings in Telecom Italia S.P.A. by 14.3% during the first quarter. Rational Advisors LLC now owns 24,434 shares of the utilities provider’s stock valued at $220,000 after acquiring an additional 3,054 shares during the period. Bank of New York Mellon Corp raised its holdings 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 valued at $385,000 after acquiring an additional 4,080 shares during the period. Gabelli Funds LLC raised its holdings in Telecom Italia S.P.A. by 1.6% during the first quarter. Gabelli Funds LLC now owns 382,000 shares of the utilities provider’s stock valued at $3,442,000 after acquiring an additional 6,000 shares during the period. Finally, Permian Investment Partners LP raised its holdings in Telecom Italia S.P.A. by 2.9% during the first quarter. Permian Investment Partners LP now owns 213,297 shares of the utilities provider’s stock valued at $1,922,000 after acquiring an additional 6,000 shares during the period. 0.77% of the stock is currently owned by institutional investors and hedge funds.

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Telecom Italia S.P.A. (NYSE TI) traded up 0.21% during mid-day trading on Wednesday, hitting $9.46. The company had a trading volume of 47,998 shares. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 12.61 and a beta of 1.02. The firm’s 50 day moving average is $9.93 and its 200 day moving average is $9.27. Telecom Italia S.P.A. has a 52 week low of $7.10 and a 52 week high of $10.53.

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.

Analyst Recommendations for Telecom Italia S.P.A. (NYSE:TI)

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