Telecom Italia SpA (TI) Given Average Recommendation of “Sell” by Brokerages

Telecom Italia SpA (NYSE:TI) has received a consensus recommendation of “Sell” from the twelve analysts that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a sell rating and four have given a hold rating to the company.

TI has been the subject of several research analyst reports. Goldman Sachs Group downgraded shares of Telecom Italia from a “buy” rating to a “neutral” rating in a report on Tuesday, November 27th. Zacks Investment Research downgraded shares of Telecom Italia from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. Sanford C. Bernstein downgraded shares of Telecom Italia from a “market perform” rating to a “sell” rating in a report on Wednesday, November 14th. Morgan Stanley downgraded shares of Telecom Italia from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 13th. Finally, TheStreet downgraded shares of Telecom Italia from a “c-” rating to a “d” rating in a report on Friday, November 9th.

NYSE TI traded down $0.01 on Friday, hitting $5.48. 337,367 shares of the company’s stock were exchanged, compared to its average volume of 325,815. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.76 and a quick ratio of 0.73. Telecom Italia has a 52 week low of $4.94 and a 52 week high of $11.28. The stock has a market capitalization of $11.61 billion, a PE ratio of 8.06 and a beta of 0.66.

A number of hedge funds and other institutional investors have recently bought and sold shares of TI. Wetherby Asset Management Inc. increased its holdings in Telecom Italia by 20.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 13,033 shares of the utilities provider’s stock valued at $72,000 after purchasing an additional 2,168 shares during the period. Marshall Wace LLP acquired a new stake in Telecom Italia in the third quarter valued at $148,000. Blair William & Co. IL acquired a new stake in Telecom Italia in the third quarter valued at $178,000. Virtu Financial LLC increased its holdings in Telecom Italia by 143.6% in the fourth quarter. Virtu Financial LLC now owns 35,620 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 20,999 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Telecom Italia by 34.6% in the third quarter. Bank of New York Mellon Corp now owns 64,620 shares of the utilities provider’s stock valued at $387,000 after purchasing an additional 16,607 shares during the period.

About Telecom Italia

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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Analyst Recommendations for Telecom Italia (NYSE:TI)

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