Is Telecom Italia S.P.A (NYSE:TI) Now a ‘Buy’? Why did UBS Securities Upgrade The Stock?

Share

Telecom Italia S.P.A (NYSE:TI) Stock Upgrade

In a recent research report revealed to clients on Friday, 4 December, UBS Securities upgraded shares of Telecom Italia S.P.A (NYSE:TI) to a “Neutral”. The previous rating for TI was a “Sell”.

From a total of 1 analysts covering Telecom Italia (NYSE:TI) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 0% of the ratings are positive. Telecom Italia was the topic of 7 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. BNP Paribas downgraded shares on November 16 to “Neutral” rating. Nomura downgraded TI stock in a recent report from September 14 to “Reduce” rating. Finally, Macquarie Research downgraded the stock to “Underperform” rating in a report issued on an August 24.

The stock closed the day at $12.46 during the previous session. It is down 5.50% since May 1, 2015 and is uptrending. It has outperformed by 8.29% the S&P500.

 Is Telecom Italia S.P.A (NYSE:TI) Now a ‘Buy’? Why did UBS Securities Upgrade The Stock?

Telecom Italia SpA is an Italy-based firm engaged in the communications sector. The company has a market cap of $23.04 billion. It operates in the fixed and mobile national and international telecommunications sector. It currently has negative earnings. The Company’s activities are divided into five business units.

According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on Telecom Italia SpA (ADR) (TI).

COMMENTS: