Telecom Italia (TI) Sets New 52-Week Low at $4.90
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.
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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