Telecom Italia SpA (NYSE:TI) was upgraded by research analysts at Citigroup Inc. to a “neutral” rating in a research note issued on Thursday.

A number of other research firms also recently issued reports on TI. TheStreet downgraded Telecom Italia SpA from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. Macquarie raised Telecom Italia SpA from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 22nd. Credit Suisse Group AG raised Telecom Italia SpA from an “underweight” rating to an “equal weight” rating in a research report on Monday, October 17th. Finally, Barclays PLC raised Telecom Italia SpA from an “underweight” rating to an “equal weight” rating in a research report on Monday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock 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) opened at 7.48 on Thursday. Telecom Italia SpA has a 52-week low of $6.95 and a 52-week high of $13.27. The firm has a 50-day moving average price of $8.02 and a 200-day moving average price of $8.43. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of 12.90 and a beta of 1.55.

TRADEMARK VIOLATION NOTICE: This news story was first reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2016/12/01/telecom-italia-spa-ti-upgraded-to-neutral-by-citigroup-inc.html.

Large investors have recently modified their holdings of the company. OLD Mission Capital LLC increased its stake in shares of Telecom Italia SpA by 160.8% in the third quarter. OLD Mission Capital LLC now owns 68,353 shares of the company’s stock valued at $582,000 after buying an additional 42,147 shares during the last quarter. Permian Investment Partners LP increased its position in shares of Telecom Italia SpA by 1.0% in the third quarter. Permian Investment Partners LP now owns 207,297 shares of the company’s stock worth $1,718,000 after buying an additional 2,000 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Telecom Italia SpA during the third quarter worth approximately $111,000. Bank of New York Mellon Corp increased its position in shares of Telecom Italia SpA by 15.2% in the third quarter. Bank of New York Mellon Corp now owns 43,148 shares of the company’s stock worth $357,000 after buying an additional 5,701 shares in the last quarter. Finally, Aperio Group LLC increased its position in shares of Telecom Italia SpA by 3.4% in the third quarter. Aperio Group LLC now owns 125,860 shares of the company’s stock worth $1,043,000 after buying an additional 4,130 shares in the last quarter. 0.73% of the stock is owned by institutional investors.

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

Receive News & Stock Ratings for Telecom Italia SpA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Italia SpA and related stocks with our FREE daily email newsletter.