The Telecom Italia SpA (TI) Upgraded to Equal Weight at Credit Suisse Group AG

The Telecom Italia SpA (TI) Upgraded to Equal Weight at Credit Suisse Group AG

Telecom Italia SpA (NYSE:TI) was upgraded by stock analysts at Credit Suisse Group AG from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday.

Several other brokerages also recently issued reports on TI. TheStreet downgraded shares of Telecom Italia SpA from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Macquarie raised shares of Telecom Italia SpA from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 22nd. JPMorgan Chase & Co. lowered shares of Telecom Italia SpA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Barclays PLC raised shares of Telecom Italia SpA from an “underweight” rating to an “equal weight” rating in a research report on Monday. Finally, Zacks Investment Research raised shares of Telecom Italia SpA from a “sell” rating to a “hold” rating and set a $8.50 target price on the stock in a research report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.50.

Telecom Italia SpA (NYSE:TI) traded up 2.68% during trading on Monday, reaching $8.04. The company had a trading volume of 23,447 shares. The stock has a market capitalization of $15.57 billion, a P/E ratio of 16.75 and a beta of 1.59. The stock has a 50 day moving average of $8.45 and a 200-day moving average of $8.87. Telecom Italia SpA has a 12-month low of $6.95 and a 12-month high of $14.18.

Several institutional investors have recently modified their holdings of the company. Gabelli Funds LLC raised its position in shares of Telecom Italia SpA by 2.8% in the second quarter. Gabelli Funds LLC now owns 369,000 shares of the company’s stock valued at $3,015,000 after buying an additional 10,000 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new position in shares of Telecom Italia SpA during the second quarter valued at about $241,000. Ameriprise Financial Inc. raised its position in shares of Telecom Italia SpA by 26.0% in the second quarter. Ameriprise Financial Inc. now owns 25,455 shares of the company’s stock valued at $208,000 after buying an additional 5,255 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Telecom Italia SpA by 32.4% in the second quarter. Rhumbline Advisers now owns 17,158 shares of the company’s stock valued at $140,000 after buying an additional 4,200 shares during the last quarter. 0.72% of the stock is currently owned by institutional investors and hedge funds.

About Telecom Italia SpA

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