Telecom Italia SpA (NYSE:TI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines (for final retail customers and wholesale providers), the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications (especially in Brazil), and the television sector using both analog and digital terrestrial technology. The Group also operates businesses in the office products sector. “
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Shares of Telecom Italia SpA (NYSE:TI) opened at 9.03 on Thursday. The company has a market capitalization of $19.02 billion, a PE ratio of 10.15 and a beta of 1.52. The stock’s 50 day moving average price is $8.78 and its 200 day moving average price is $8.46. Telecom Italia SpA has a 12-month low of $6.95 and a 12-month high of $10.00.