Is there a Bearish outlook for Telecom Italia S.p.A. (NYSE:TI) this week?

May 21, 2018 - By Vivian Park

Telecom Italia S.p.A. (NYSE:TI) Logo

Telecom Italia S.p.A. (NYSE:TI) Ratings Coverage

Among 4 analysts covering Telecom Italia SPA (NYSE:TI), 1 have Buy rating, 3 Sell and 0 Hold. Therefore 25% are positive. Telecom Italia SPA had 4 analyst reports since January 17, 2018 according to SRatingsIntel. Berenberg downgraded the stock to “Sell” rating in Friday, May 18 report. The rating was downgraded by Raymond James on Wednesday, January 17 to “Sell”. The firm has “Outperform” rating given on Friday, March 2 by Bernstein. Citigroup downgraded the shares of TI in report on Wednesday, April 25 to “Sell” rating. Below is a list of Telecom Italia S.p.A. (NYSE:TI) latest ratings and price target changes.

18/05/2018 Broker: Berenberg Old Rating: Hold New Rating: Sell Downgrade
25/04/2018 Broker: Citigroup Old Rating: Neutral New Rating: Sell Downgrade
02/03/2018 Broker: Bernstein Old Rating: Market Perform New Rating: Outperform Upgrade
17/01/2018 Broker: Raymond James Rating: Sell Downgrade

The stock decreased 3.34% or $0.3 during the last trading session, reaching $8.69. About 99,791 shares traded. Telecom Italia S.p.A. (NYSE:TI) has risen 1.84% since May 21, 2017 and is uptrending. It has underperformed by 9.71% the S&P500.

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services. The company has market cap of $17.69 billion. It offers landline and mobile telecommunications, voice, messaging, data, Internet, and broadband services for consumers, as well as for small and medium-size enterprises, small offices/home offices, public sector clients, large accounts, and enterprises in the fixed and mobile telecommunications markets. It has a 13.58 P/E ratio. The firm also provides regulated and unregulated wholesale services for fixed and mobile telecommunications operators; and infrastructure for housing radio transmission equipment of mobile telephone networks, as well as engages in the development, engineering, building, and operation of network infrastructures, real estate properties, and plant engineering.

More recent Telecom Italia S.p.A. (NYSE:TI) news were published by: Streetinsider.com which released: “UPDATE: Berenberg Downgrades Telecom Italia (TI) to Sell, ‘Messy As Always'” on May 18, 2018. Also Seekingalpha.com published the news titled: “Elliott gains control of Telecom Italia” on May 04, 2018. Seekingalpha.com‘s news article titled: “Bonhoeffer Fund Partner Letter Q1 2018” with publication date: April 24, 2018 was also an interesting one.

Telecom Italia S.p.A. (NYSE:TI) Ratings Chart

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