Telecom Italia S.P.A. (TI) Receives $1.80 Average Price Target from Analysts
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.
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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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