Shares of Telecom Italia SpA (NYSE:TI) hit a new 52-week low on Thursday . The company traded as low as $4.90 and last traded at $4.92, with a volume of 31098 shares. The stock had previously closed at $5.06.

TI has been the subject of a number of research reports. ValuEngine cut shares of Telecom Italia from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Zacks Investment Research raised shares of Telecom Italia from a “sell” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Wednesday, March 27th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $1.25 price target on shares of Telecom Italia in a research report on Tuesday, February 26th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Telecom Italia currently has a consensus rating of “Hold” and an average target price of $4.00.

The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of -6.92 and a beta of 0.63.

Institutional investors have recently made changes to their positions in the stock. Wetherby Asset Management Inc. boosted its position in Telecom Italia by 20.0% during the 4th quarter. Wetherby Asset Management Inc. now owns 13,033 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 2,168 shares during the period. Virtu Financial LLC boosted its position in Telecom Italia by 143.6% in the 4th quarter. Virtu Financial LLC now owns 35,620 shares of the utilities provider’s stock valued at $198,000 after buying an additional 20,999 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Telecom Italia by 13.6% in the 4th quarter. Bank of New York Mellon Corp now owns 73,386 shares of the utilities provider’s stock valued at $407,000 after buying an additional 8,766 shares during the last quarter. Cerity Partners LLC boosted its position in Telecom Italia by 11.7% in the 4th quarter. Cerity Partners LLC now owns 19,969 shares of the utilities provider’s stock valued at $111,000 after buying an additional 2,086 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its position in Telecom Italia by 153.9% in the 4th quarter. OLD Mission Capital LLC now owns 178,791 shares of the utilities provider’s stock valued at $992,000 after buying an additional 108,379 shares during the last quarter. 0.81% of the stock is owned by hedge funds and other institutional investors.

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Telecom Italia Company Profile (NYSE:TI)

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.

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