Telecom Italia S.P.A. New (NYSE:TI) Receives Lower Rating From Berenberg. What’s The Reasoning Behind This Move?

May 18, 2018 - By Catherine Nunes

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

Telecom Italia S.P.A. New (NYSE:TI) Receives a Downgrade

Equity analysts at Berenberg’s equities division decreased the rating for shares of Telecom Italia S.P.A. New (NYSE:TI) from a “Hold” to a “Sell” on Friday morning.

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

Among 3 analysts covering Telecom Italia SPA (NYSE:TI), 1 have Buy rating, 2 Sell and 0 Hold. Therefore 33% are positive. Telecom Italia SPA had 3 analyst reports since January 17, 2018 according to SRatingsIntel. The rating was upgraded by Bernstein on Friday, March 2 to “Outperform”. The stock of Telecom Italia S.p.A. (NYSE:TI) earned “Sell” rating by Citigroup on Wednesday, April 25. The firm has “Sell” rating given on Wednesday, January 17 by Raymond James.

The stock decreased 0.77% or $0.07 during the last trading session, reaching $8.99. About 79,235 shares traded. Telecom Italia S.p.A. (NYSE:TI) has risen 1.84% since May 18, 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 $18.30 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 14.05 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: Seekingalpha.com which released: “Bonhoeffer Fund Partner Letter Q1 2018” on April 24, 2018. Also Streetinsider.com published the news titled: “UPDATE: Berenberg Downgrades Telecom Italia (TI) to Sell, ‘Messy As Always'” on May 18, 2018. Seekingalpha.com‘s news article titled: “Elliott gains control of Telecom Italia” with publication date: May 04, 2018 was also an interesting one.

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

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