Telecom Italia SpA to Post FY2018 Earnings of $0.68 Per Share, Jefferies Financial Group Forecasts (TI)

Telecom Italia SpA (NYSE:TI) – Stock analysts at Jefferies Financial Group issued their FY2018 earnings per share estimates for shares of Telecom Italia in a research note issued on Monday, November 5th. Jefferies Financial Group analyst J. Dellis forecasts that the utilities provider will post earnings of $0.68 per share for the year. Jefferies Financial Group also issued estimates for Telecom Italia’s FY2019 earnings at $0.80 EPS.

Several other analysts have also recently commented on TI. Zacks Investment Research upgraded Telecom Italia from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 14th. Barclays cut Telecom Italia from an “equal weight” rating to an “underweight” rating in a report on Monday, October 1st. BNP Paribas restated an “underperform” rating on shares of Telecom Italia in a report on Tuesday, September 4th. Finally, Citigroup upgraded Telecom Italia from a “sell” rating to a “neutral” rating in a report on Monday, September 10th. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.02.

Shares of NYSE:TI opened at $6.24 on Thursday. Telecom Italia has a fifty-two week low of $5.44 and a fifty-two week high of $11.28. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 9.18 and a beta of 0.42. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06.

Hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC bought a new stake in shares of Telecom Italia during the second quarter worth $104,000. Wetherby Asset Management Inc. bought a new stake in shares of Telecom Italia during the second quarter worth $106,000. Tuttle Tactical Management bought a new stake in shares of Telecom Italia during the second quarter worth $179,000. Jane Street Group LLC bought a new stake in shares of Telecom Italia during the second quarter worth $1,498,000. Finally, CWM LLC grew its holdings in shares of Telecom Italia by 37.6% during the second quarter. CWM LLC now owns 434,705 shares of the utilities provider’s stock worth $3,191,000 after purchasing an additional 118,690 shares during the last quarter. Institutional investors own 0.78% of the company’s stock.

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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