Barclays Boosts Telecom Italia (OTCMKTS:TIIAY) Price Target to €0.16

Telecom Italia (OTCMKTS:TIIAYGet Rating) had its price target increased by Barclays from €0.15 ($0.15) to €0.16 ($0.16) in a research report released on Monday, The Fly reports.

Other equities research analysts have also recently issued research reports about the company. New Street Research upgraded Telecom Italia from a reduce rating to a neutral rating and set a €0.17 ($0.17) price target for the company in a research note on Thursday, November 10th. Berenberg Bank cut their price target on Telecom Italia from €0.37 ($0.38) to €0.20 ($0.20) and set a hold rating for the company in a research note on Friday, July 29th. Cheuvreux cut Telecom Italia from a buy rating to a hold rating and set a €0.22 ($0.22) price target for the company. in a research note on Friday, October 28th. Finally, JPMorgan Chase & Co. cut their price target on Telecom Italia from €0.24 ($0.24) to €0.20 ($0.20) and set a neutral rating for the company in a research note on Friday, November 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $0.19.

Telecom Italia Trading Down 0.4 %

Shares of OTCMKTS TIIAY opened at $2.23 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.97. Telecom Italia has a twelve month low of $1.65 and a twelve month high of $5.60. The stock has a 50 day moving average of $2.00 and a two-hundred day moving average of $2.31.

About Telecom Italia

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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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