The stock of Telecom Italia SpA (ADR) (NYSE:TI) is a huge mover today! About 650,934 shares traded hands or 1013.60% up from the average. Telecom Italia SpA (ADR) (NYSE:TI) has declined 28.29% since March 9, 2016 and is downtrending. It has underperformed by 35.70% the S&P500.
The move comes after 7 months negative chart setup for the $14.02B company. It was reported on Oct, 12 by Barchart.com. We have $7.32 PT which if reached, will make NYSE:TI worth $701.00 million less.
Telecom Italia SpA (ADR) (NYSE:TI) Ratings Coverage
Out of 9 analysts covering Telecom Italia (NYSE:TI), 1 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 11% are positive. Telecom Italia has been the topic of 11 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, November 16 by BNP Paribas. HSBC downgraded Telecom Italia SpA (ADR) (NYSE:TI) on Thursday, July 14 to “Hold” rating. UBS upgraded Telecom Italia SpA (ADR) (NYSE:TI) on Friday, December 4 to “Neutral” rating. Zacks downgraded the stock to “Sell” rating in Thursday, September 3 report. The firm earned “Hold” rating on Thursday, July 30 by Berenberg. On Monday, October 12 the stock rating was downgraded by Barclays Capital to “Underweight”. The firm has “Underweight” rating given on Tuesday, October 6 by Barclays Capital. The firm has “Underperform” rating given on Monday, August 24 by Macquarie Research. The firm has “Neutral” rating by JP Morgan given on Wednesday, July 6. Nomura downgraded Telecom Italia SpA (ADR) (NYSE:TI) on Monday, September 14 to “Reduce” rating.
According to Zacks Investment Research, “Telecom Italia S.p.A engages in providing fixed-line and mobile telecommunications, Internet, and media services. The company offers voice and Internet services, public telephony, Web portal/services, voice, data, Internet, and information and communications technology solutions services and products. It operates primarily in Europe, South America, and the Mediterranean Basin. Telecom Italia S.p.A is based in Milan, Italy.”
More recent Telecom Italia SpA (ADR) (NYSE:TI) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Also Marketwatch.com published the news titled: “Vivendi clarifies Telecom Italia intentions” on November 17, 2015. Barrons.com‘s news article titled: “Telecom Italia Is Still a Good Call” with publication date: April 18, 2015 was also an interesting one.
TI Company Profile
Telecom Italia S.p.A. (Telecom Italia), incorporated on March 22, 1905, operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Firm focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment. The Company’s divisions include Consumer, Business, National Wholesale and Other. The Firm is engaged in developing various projects in areas, including Smart Green, Social Reading, Solutions for good schooling, Digital tourism 2.0, Smart Home, FriendTV and Big Data. Smart Green is the assessment of projects connected with the environment and potential partnerships with the local government offices for the monitoring of air in public offices and urban areas, using networks of sensors connected to the Company’s Cloud.
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