Goldman Sachs Group upgraded shares of Telecom Italia (NYSE:TI) from a neutral rating to a buy rating in a research report report published on Thursday morning, Marketbeat reports. Goldman Sachs Group currently has $10.53 price objective on the utilities provider’s stock, up from their prior price objective of $7.57.
Several other brokerages have also commented on TI. Zacks Investment Research lowered Telecom Italia from a buy rating to a hold rating in a research note on Wednesday, February 7th. ValuEngine lowered Telecom Italia from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Sanford C. Bernstein upgraded Telecom Italia from a market perform rating to an outperform rating in a research note on Friday, March 2nd. Scotiabank restated an outperform rating and set a $1.80 price target on shares of Telecom Italia in a research note on Wednesday, November 8th. Finally, Raymond James Financial lowered Telecom Italia from a strong-buy rating to an underperform rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Telecom Italia has a consensus rating of Buy and a consensus price target of $7.36.
Shares of Telecom Italia (NYSE:TI) opened at $10.34 on Thursday. Telecom Italia has a 52-week low of $7.57 and a 52-week high of $10.83. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.19.
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Telecom Italia 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.
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