Telecom Italia SpA (NYSE:TI) reached a new 52-week low during trading on Thursday . The company traded as low as $4.88 and last traded at $4.88, with a volume of 8334 shares changing hands. The stock had previously closed at $4.98.
TI has been the subject of a number of recent analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $1.25 target price on shares of Telecom Italia in a report on Tuesday, February 26th. Zacks Investment Research raised Telecom Italia from a “sell” rating to a “buy” rating and set a $6.75 target price for the company in a report on Wednesday, March 27th. Finally, ValuEngine raised Telecom Italia from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Telecom Italia presently has a consensus rating of “Hold” and an average price target of $4.00.
The company has a debt-to-equity ratio of 1.13, a current ratio of 0.74 and a quick ratio of 0.72.
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About Telecom Italia (NYSE:TI)
Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Europe, South America, and the Mediterranean Basin. 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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