Telecom Italia SpA (NYSE:TI) Given Average Recommendation of “Hold” by Brokerages

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Telecom Italia SpA (NYSE:TI) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $1.25.

Separately, Zacks Investment Research reaffirmed a “hold” rating on shares of Telecom Italia in a report on Saturday, July 13th.

The stock has a market capitalization of $11.95 billion, a P/E ratio of -7.93 and a beta of 0.76. The firm has a fifty day moving average price of $5.63 and a 200 day moving average price of $5.62. Telecom Italia has a 1 year low of $4.87 and a 1 year high of $7.75. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 0.74.

Several large investors have recently bought and sold shares of TI. Corient Capital Partners LLC acquired a new stake in Telecom Italia during the second quarter worth $78,000. Wetherby Asset Management Inc. increased its stake in Telecom Italia by 36.0% during the second quarter. Wetherby Asset Management Inc. now owns 17,446 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 4,617 shares during the last quarter. Eaton Vance Management acquired a new stake in Telecom Italia during the second quarter worth $184,000. Redwood Investment Management LLC acquired a new stake in Telecom Italia during the first quarter worth $507,000. Finally, Clearbridge Investments LLC increased its stake in Telecom Italia by 0.5% during the first quarter. Clearbridge Investments LLC now owns 613,393 shares of the utilities provider’s stock worth $3,852,000 after acquiring an additional 2,914 shares during the last quarter. 0.83% of the stock is owned by hedge funds and other institutional investors.

About Telecom Italia

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 (NYSE:TI)

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