Telecom Italia (TI) Stock Rating Lowered by Sanford C. Bernstein
Telecom Italia (NYSE:TI) was downgraded by equities researchers at Sanford C. Bernstein from a “market perform” rating to a “sell” rating in a research report issued on Wednesday, The Fly reports.
Several other analysts also recently commented on the stock. BNP Paribas reaffirmed an “underperform” rating on shares of Telecom Italia in a report on Tuesday, September 4th. Barclays downgraded shares of Telecom Italia from an “equal weight” rating to an “underweight” rating in a report on Monday, October 1st. Citigroup raised shares of Telecom Italia from a “sell” rating to a “neutral” rating in a report on Monday, September 10th. Zacks Investment Research raised shares of Telecom Italia from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Thursday, September 20th. Finally, Morgan Stanley downgraded shares of Telecom Italia from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Seven analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus price target of $9.02.
Shares of TI stock opened at $5.89 on Wednesday. The stock has a market cap of $12.80 billion, a P/E ratio of 8.66 and a beta of 0.42. The company has a quick ratio of 0.68, a current ratio of 0.76 and a debt-to-equity ratio of 1.14. Telecom Italia has a 52 week low of $5.44 and a 52 week high of $11.28.
Telecom Italia Company Profile
Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, the Mediterranean Basin, and South America. It offers landline and mobile telecommunications, voice, messaging, data, Internet, and broadband services for consumers, as well as for small and medium-size enterprises, small offices/home offices, public sector clients, large accounts, and enterprises in the fixed and mobile telecommunications markets.
Featured Article: Investing strategies using the yield curve
Receive News & Ratings for Telecom Italia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Italia and related companies with MarketBeat.com's FREE daily email newsletter.