Telecom Italia S.P.A. (NYSE:TI)‘s stock had its “market perform” rating reiterated by stock analysts at Sanford C. Bernstein in a research note issued on Tuesday.

A number of other analysts have also weighed in on the stock. Zacks Investment Research raised shares of Telecom Italia S.P.A. from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a report on Thursday, July 27th. BidaskClub raised shares of Telecom Italia S.P.A. from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Telecom Italia S.P.A. (NYSE:TI) traded down 2.45% during midday trading on Tuesday, reaching $9.55. The company’s stock had a trading volume of 18,686 shares. The firm has a market cap of $20.12 billion, a P/E ratio of 12.73 and a beta of 1.04. The firm has a 50 day moving average price of $9.88 and a 200-day moving average price of $9.21. Telecom Italia S.P.A. has a 52 week low of $7.10 and a 52 week high of $10.53.

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Institutional investors have recently modified their holdings of the company. Gabelli Funds LLC raised its position in shares of Telecom Italia S.P.A. by 1.6% in the first quarter. Gabelli Funds LLC now owns 382,000 shares of the utilities provider’s stock worth $3,442,000 after buying an additional 6,000 shares during the last quarter. Permian Investment Partners LP raised its position in shares of Telecom Italia S.P.A. by 2.9% in the first quarter. Permian Investment Partners LP now owns 213,297 shares of the utilities provider’s stock worth $1,922,000 after buying an additional 6,000 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Telecom Italia S.P.A. by 24.2% in the first quarter. Ameriprise Financial Inc. now owns 15,632 shares of the utilities provider’s stock worth $141,000 after buying an additional 3,050 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Telecom Italia S.P.A. during the first quarter worth approximately $1,094,000. Finally, JPMorgan Chase & Co. raised its position in shares of Telecom Italia S.P.A. by 13.6% in the first quarter. JPMorgan Chase & Co. now owns 151,106 shares of the utilities provider’s stock worth $1,361,000 after buying an additional 18,070 shares during the last quarter. 0.77% of the stock is currently owned by hedge funds and other institutional investors.

About Telecom Italia S.P.A.

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.

Analyst Recommendations for Telecom Italia S.P.A. (NYSE:TI)

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