Shares of Telecom Italia SpA (NYSE:TI) have been assigned an average recommendation of “Sell” from the twelve research firms that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a sell rating and four have given a hold rating to the company.

A number of brokerages have recently issued reports on TI. Morgan Stanley downgraded Telecom Italia from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 13th. Zacks Investment Research downgraded Telecom Italia from a “hold” rating to a “sell” rating in a research report on Friday, November 23rd. Sanford C. Bernstein downgraded Telecom Italia from a “market perform” rating to a “sell” rating in a research report on Wednesday, November 14th. ValuEngine downgraded Telecom Italia from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Finally, TheStreet downgraded Telecom Italia from a “c-” rating to a “d” rating in a research report on Friday, November 9th.

Shares of TI opened at $6.02 on Thursday. The stock has a market cap of $12.84 billion, a PE ratio of 8.85 and a beta of 0.66. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 1.14. Telecom Italia has a 12-month low of $4.94 and a 12-month high of $11.28.

Several hedge funds and other institutional investors have recently made changes to their positions in TI. CWM LLC raised its holdings in shares of Telecom Italia by 31.9% during the 3rd quarter. CWM LLC now owns 573,494 shares of the utilities provider’s stock valued at $3,441,000 after buying an additional 138,789 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Telecom Italia by 34.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 64,620 shares of the utilities provider’s stock valued at $387,000 after buying an additional 16,607 shares in the last quarter. Blair William & Co. IL purchased a new position in shares of Telecom Italia during the 3rd quarter valued at about $178,000. First Foundation Advisors raised its holdings in shares of Telecom Italia by 123.6% during the 3rd quarter. First Foundation Advisors now owns 139,174 shares of the utilities provider’s stock valued at $835,000 after buying an additional 76,933 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Telecom Italia during the 3rd quarter valued at about $148,000. 0.75% of the stock is currently owned by institutional investors.

About Telecom Italia

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.

See Also: What is an Initial Public Offering (IPO)?

Analyst Recommendations for Telecom Italia (NYSE:TI)

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.