Telecom Italia (OTCMKTS:TIIAY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Telecom Italia (OTCMKTS:TIIAYGet Rating) from a sell rating to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

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. “

Several other brokerages also recently weighed in on TIIAY. Berenberg Bank lowered their target price on Telecom Italia from €0.48 ($0.51) to €0.37 ($0.39) in a research note on Friday, February 25th. Barclays raised their target price on Telecom Italia from €0.13 ($0.14) to €0.16 ($0.17) in a research note on Tuesday, April 26th. Finally, Bryan, Garnier & Co upgraded Telecom Italia from a neutral rating to a buy rating in a research note on Monday, March 14th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Telecom Italia currently has an average rating of Hold and an average target price of $1.68.

Shares of Telecom Italia stock opened at $2.78 on Wednesday. The business has a 50-day moving average of $3.27 and a 200-day moving average of $4.17. Telecom Italia has a 1-year low of $2.48 and a 1-year high of $5.65.

Telecom Italia Company Profile (Get Rating)

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.

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