Telecom Italia S.P.A. (TI) Downgraded by Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) lowered shares of Telecom Italia S.P.A. (NYSE:TI) from a buy rating to a neutral rating in a research note published on Monday, MarketBeat reports.

A number of other brokerages also recently weighed in on TI. Sanford C. Bernstein reaffirmed a market perform rating on shares of Telecom Italia S.P.A. in a report on Tuesday, August 29th. Zacks Investment Research lowered Telecom Italia S.P.A. from a buy rating to a hold rating in a research report on Thursday, September 28th. Finally, Scotiabank reissued an outperform rating and issued a $1.80 price objective on shares of Telecom Italia S.P.A. in a research report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $6.90.

Telecom Italia S.P.A. (NYSE:TI) traded up $0.12 on Monday, hitting $7.96. The stock had a trading volume of 81,500 shares, compared to its average volume of 110,515. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 1.22. Telecom Italia S.P.A. has a 52 week low of $7.10 and a 52 week high of $10.53.

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Institutional investors have recently bought and sold shares of the company. ETRADE Capital Management LLC purchased a new stake in shares of Telecom Italia S.P.A. during the second quarter worth about $100,000. Ameriprise Financial Inc. boosted its holdings in shares of Telecom Italia S.P.A. by 24.2% during the first quarter. Ameriprise Financial Inc. now owns 15,632 shares of the utilities provider’s stock worth $141,000 after purchasing an additional 3,050 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Telecom Italia S.P.A. during the second quarter worth about $158,000. Strategic Global Advisors LLC purchased a new stake in shares of Telecom Italia S.P.A. during the second quarter worth about $178,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Telecom Italia S.P.A. in the second quarter worth about $194,000. Institutional investors own 0.77% of the company’s stock.

Telecom Italia S.P.A. Company Profile

Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment.

Analyst Recommendations for Telecom Italia S.P.A. (NYSE:TI)

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