Telecom Italia S.P.A. (NYSE:TI) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $1.80.

Several research analysts have recently weighed in on the stock. Goldman Sachs Group downgraded shares of Telecom Italia from a “buy” rating to a “neutral” rating in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of Telecom Italia from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Scotiabank restated an “outperform” rating and issued a $1.80 target price on shares of Telecom Italia in a research note on Wednesday, November 8th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Telecom Italia in a research note on Tuesday, August 29th.

Telecom Italia (NYSE:TI) traded down $0.05 on Friday, reaching $8.28. 71,800 shares of the company’s stock traded hands, compared to its average volume of 109,936. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.19. Telecom Italia has a 12 month low of $7.50 and a 12 month high of $10.53.

Several hedge funds have recently made changes to their positions in the company. Aperio Group LLC raised its holdings in Telecom Italia by 6.7% in the third quarter. Aperio Group LLC now owns 174,725 shares of the utilities provider’s stock valued at $1,642,000 after acquiring an additional 10,971 shares in the last quarter. Permian Investment Partners LP raised its holdings in Telecom Italia by 12.5% in the third quarter. Permian Investment Partners LP now owns 163,377 shares of the utilities provider’s stock valued at $1,536,000 after acquiring an additional 18,200 shares in the last quarter. Stifel Financial Corp acquired a new stake in Telecom Italia in the second quarter valued at $1,225,000. Bank of New York Mellon Corp raised its holdings in Telecom Italia by 13.5% in the third quarter. Bank of New York Mellon Corp now owns 66,100 shares of the utilities provider’s stock valued at $622,000 after acquiring an additional 7,887 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Telecom Italia in the first quarter valued at $278,000. Institutional investors and hedge funds own 0.75% of the company’s stock.

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About Telecom Italia

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.

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