Telecom Italia SpA (ADR) (TI) is Downgraded by HSBC Securities to Hold

Telecom Italia SpA (ADR) (TI) was Downgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. HSBC Securities advised their investors in a research report released on Jul 14, 2016.

Telecom Italia SpA (ADR) closed down -0.29 points or -3.83% at $7.28 with 1,62,393 shares getting traded on Wednesday. Post opening the session at $7.4, the shares hit an intraday low of $7.21 and an intraday high of $7.43 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Telecom Italia SpA (ADR)

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