The stock of Telecom Italia SpA (ADR) (NYSE:TI) is a huge mover today! About 652,808 shares traded hands or 1016.81% 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 8 months negative chart setup for the $14.04 billion company. It was reported on Oct, 12 by Barchart.com. We have $7.02 PT which if reached, will make NYSE:TI worth $1.26 billion 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 “Sell” rating by Zacks given on Thursday, September 3. The stock of Telecom Italia SpA (ADR) (NYSE:TI) earned “Underweight” rating by Barclays Capital on Tuesday, October 6. UBS upgraded Telecom Italia SpA (ADR) (NYSE:TI) on Friday, December 4 to “Neutral” rating. The company was upgraded on Thursday, September 22 by Macquarie Research. The stock of Telecom Italia SpA (ADR) (NYSE:TI) earned “Reduce” rating by Nomura on Monday, September 14. Barclays Capital downgraded the stock to “Underweight” rating in Monday, October 12 report. On Monday, November 16 the stock rating was downgraded by BNP Paribas to “Neutral”. The stock has “Hold” rating given by HSBC on Thursday, July 14. The stock of Telecom Italia SpA (ADR) (NYSE:TI) earned “Underperform” rating by Macquarie Research on Monday, August 24. The firm has “Neutral” rating by JP Morgan given on Wednesday, July 6.
According to Zacks Investment Research, “The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines (for final retail customers and wholesale providers), the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications (especially in Brazil), and the television sector using both analog and digital terrestrial technology. The Group also operates businesses in the office products sector.”
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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