Telecom Italia S.p.A. (OTCMKTS:TIIAY) Receives Consensus Recommendation of “Hold” from Brokerages

Telecom Italia S.p.A. (OTCMKTS:TIIAYGet Rating) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $0.27.

Several analysts have recently issued reports on TIIAY shares. Berenberg Bank reduced their price objective on Telecom Italia from €0.48 ($0.52) to €0.37 ($0.40) in a research note on Friday, February 25th. Bryan, Garnier & Co raised Telecom Italia from a “neutral” rating to a “buy” rating in a report on Monday, March 14th. Barclays increased their target price on Telecom Italia from €0.13 ($0.14) to €0.16 ($0.17) in a report on Tuesday, April 26th. Finally, Zacks Investment Research lowered Telecom Italia from a “buy” rating to a “hold” rating in a report on Thursday, May 12th.

Shares of OTCMKTS TIIAY opened at $3.12 on Friday. Telecom Italia has a 12-month low of $2.48 and a 12-month high of $5.65. The business’s fifty day simple moving average is $3.09 and its 200-day simple moving average is $4.03.

About Telecom Italia (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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Analyst Recommendations for Telecom Italia (OTCMKTS:TIIAY)

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