Telecom Italia (TI) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Telecom Italia (NYSE:TI) from a sell rating to a hold rating in a research note issued to investors on Wednesday, ValuEngine reports.

Several other research analysts have also recently weighed in on TI. Zacks Investment Research raised shares of Telecom Italia from a sell rating to a buy rating and set a $6.75 price target on the stock in a research report on Wednesday, March 27th. Canaccord Genuity reissued a buy rating and set a $1.25 price target on shares of Telecom Italia in a research report on Tuesday, February 26th. Finally, New Street Research cut shares of Telecom Italia from a buy rating to a neutral rating in a research report on Tuesday, January 22nd. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $4.00.

Shares of TI opened at $5.06 on Wednesday. Telecom Italia has a 52-week low of $4.90 and a 52-week high of $8.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.68. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of -7.13 and a beta of 0.63.

Several hedge funds have recently made changes to their positions in TI. Redwood Investment Management LLC purchased a new stake in Telecom Italia in the 1st quarter valued at about $507,000. Acadian Asset Management LLC purchased a new stake in Telecom Italia in the 1st quarter valued at about $112,000. Raymond James & Associates raised its holdings in Telecom Italia by 7.7% in the 1st quarter. Raymond James & Associates now owns 163,137 shares of the utilities provider’s stock valued at $1,025,000 after buying an additional 11,617 shares during the period. Covenant Multifamily Offices LLC purchased a new stake in Telecom Italia in the 1st quarter valued at about $60,000. Finally, Geode Capital Management LLC raised its holdings in Telecom Italia by 73.4% in the 4th quarter. Geode Capital Management LLC now owns 39,275 shares of the utilities provider’s stock valued at $217,000 after buying an additional 16,627 shares during the period. 0.81% of the stock is currently owned by hedge funds and other institutional investors.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, South America, and the Mediterranean Basin. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.

Read More: Asset Allocation and Your Retirement

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.