Telecom Italia SpA (ADR) (TI) was Upgraded by Barclays to ” Equal Weight”. Earlier the firm had a rating of “Underweight ” on the company shares. Barclays advised their investors in a research report released on Oct 17, 2016.
Many Wall Street Analysts have commented on Telecom Italia SpA (ADR). Telecom Italia SpA (ADR) was Upgraded by Macquarie to ” Outperform” on Sep 22, 2016.
Telecom Italia SpA (ADR) opened for trading at $7.85 and hit $7.86 on the upside on Friday, eventually ending the session at $7.83, with a gain of 1.69% or 0.13 points. The heightened volatility saw the trading volume jump to 73,104 shares. Company has a market cap of $15,162 M.
Telecom Italia SpA is an Italy-based company engaged in the communications sector. It operates in the fixed and mobile national and international telecommunications sector. Its activities are divided into five business units. The Domestic unit provides telephone and data services on fixed line and mobile networks for retail voice customers and wholesale operators as well as develop fiber optic networks. The Brazil unit offers mobile services using Universal Mobile Telecommunications System (UMTS) and Global System for Mobile Communications (GSM) technologies. The Argentina unit operates in fixed telecommunications through Telecom Argentina and in mobile telecommunications through Telecom Personal and in Paraguay it operates in mobile telecommunications through Nucleo. The Media unit produces of multimedia music platforms satellite channels and television broadcasting platforms. The Olivetti unit operates in the sector of office products and services for Information Technology.