Telecom Italia SpA (TI) Given Average Recommendation of “Sell” by Analysts
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.
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.
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