Shares of Telecom Italia S.P.A. (NYSE:TI) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

TI has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Telecom Italia S.P.A. from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research lowered shares of Telecom Italia S.P.A. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Telecom Italia S.P.A. in a research note on Tuesday, August 29th.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Permian Investment Partners LP boosted its holdings in shares of Telecom Italia S.P.A. by 2.9% in the first quarter. Permian Investment Partners LP now owns 213,297 shares of the utilities provider’s stock worth $1,922,000 after buying an additional 6,000 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Telecom Italia S.P.A. by 34.8% in the second quarter. Aperio Group LLC now owns 163,754 shares of the utilities provider’s stock worth $1,531,000 after buying an additional 42,297 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Telecom Italia S.P.A. by 13.6% in the first quarter. JPMorgan Chase & Co. now owns 151,106 shares of the utilities provider’s stock worth $1,361,000 after buying an additional 18,070 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Telecom Italia S.P.A. in the second quarter worth approximately $1,225,000. Finally, Karp Capital Management Corp purchased a new position in shares of Telecom Italia S.P.A. in the first quarter worth approximately $1,094,000. 0.77% of the stock is currently owned by institutional investors.

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Telecom Italia S.P.A. (TI) traded down 1.21% on Friday, reaching $8.99. 126,519 shares of the company’s stock were exchanged. Telecom Italia S.P.A. has a 52-week low of $7.10 and a 52-week high of $10.53. The firm’s 50 day moving average price is $9.53 and its 200 day moving average price is $9.43. The company has a market cap of $18.94 billion, a PE ratio of 11.68 and a beta of 0.99.

About Telecom Italia S.P.A.

Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment.

Analyst Recommendations for Telecom Italia S.P.A. (NYSE:TI)

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