Barclays PLC upgraded shares of Telecom Italia SpA (NYSE:TI) from an underweight rating to an equal weight rating in a research note issued to investors on Monday.

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lowered Telecom Italia SpA from an overweight rating to a neutral rating in a research report on Wednesday, July 6th. Zacks Investment Research raised 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. HSBC downgraded Telecom Italia SpA from a buy rating to a hold rating in a report on Thursday, July 14th. Macquarie upgraded Telecom Italia SpA from a neutral rating to an outperform rating in a report on Thursday, September 22nd. Finally, TheStreet downgraded Telecom Italia SpA from a hold rating to a sell rating in a report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Telecom Italia SpA has an average rating of Hold and an average 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. The company had a trading volume of 6,650 shares. The stock’s 50-day moving average price is $8.42 and its 200 day moving average price is $8.82. Telecom Italia SpA has a 52 week low of $6.95 and a 52 week high of $14.18. The company has a market capitalization of $15.99 billion, a P/E ratio of 17.2081 and a beta of 1.59.

A number of hedge funds and other institutional investors have recently made changes to their positions in TI. Rhumbline Advisers increased 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 valued at $140,000 after buying an additional 4,200 shares during the period. Zweig DiMenna Associates LLC acquired a new position in shares of Telecom Italia SpA during the second quarter valued at $241,000. Ameriprise Financial Inc. increased 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 valued at $208,000 after buying an additional 5,255 shares during the period. Finally, Gabelli Funds LLC increased 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 valued at $3,015,000 after buying an additional 10,000 shares during the period. Hedge funds and other 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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