Credit Suisse Group AG upgraded shares of Telecom Italia SpA (NYSE:TI) from an underweight rating to an equal weight rating in a report published on Monday.

TI has been the subject of several other reports. Barclays PLC raised shares of Telecom Italia SpA from an underweight rating to an equal weight rating in a research report on Monday. Macquarie raised shares of Telecom Italia SpA from a neutral rating to an outperform rating in a research report on Thursday, September 22nd. TheStreet downgraded shares of Telecom Italia SpA from a hold rating to a sell rating in a research report on Friday, September 2nd. Zacks Investment Research raised shares of Telecom Italia SpA from a sell rating to a hold rating and set a $8.50 target price for the company in a research report on Tuesday, July 19th. Finally, HSBC downgraded shares of Telecom Italia SpA from a buy rating to a hold rating in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $8.50.

Analyst Recommendations for Telecom Italia SpA (NYSE:TI)

Shares of Telecom Italia SpA (NYSE:TI) traded up 2.7351% during trading on Monday, hitting $8.2599. 6,650 shares of the company’s stock were exchanged. Telecom Italia SpA has a 1-year low of $6.95 and a 1-year high of $14.18. The firm has a market capitalization of $15.99 billion, a PE ratio of 17.2081 and a beta of 1.59. The stock’s 50 day moving average is $8.42 and its 200 day moving average is $8.82.

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of Telecom Italia SpA by 32.4% in the second quarter. Rhumbline Advisers now owns 17,158 shares of the company’s stock worth $140,000 after buying an additional 4,200 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in shares of Telecom Italia SpA during the second quarter worth about $241,000. Ameriprise Financial Inc. boosted its position in shares of Telecom Italia SpA by 26.0% in the second quarter. Ameriprise Financial Inc. now owns 25,455 shares of the company’s stock worth $208,000 after buying an additional 5,255 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Telecom Italia SpA by 2.8% in the second quarter. Gabelli Funds LLC now owns 369,000 shares of the company’s stock worth $3,015,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 0.72% of the company’s stock.

Telecom Italia SpA 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.

5 Day Chart for NYSE:TI

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