Fmr LLC Maintains Position in Telecom Italia S.P.A. (NYSE:TI)

Fmr LLC continued to hold its stake in shares of Telecom Italia S.P.A. (NYSE:TI) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 25,400 shares of the utilities provider’s stock at the end of the first quarter. Fmr LLC’s holdings in Telecom Italia S.P.A. were worth $229,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TI. Dynamic Technology Lab Private Ltd bought a new stake in shares of Telecom Italia S.P.A. during the first quarter valued at about $110,000. Ameriprise Financial Inc. raised its position in Telecom Italia S.P.A. by 24.2% in the first quarter. Ameriprise Financial Inc. now owns 15,632 shares of the utilities provider’s stock worth $141,000 after buying an additional 3,050 shares in the last quarter. Rational Advisors LLC raised its position in Telecom Italia S.P.A. by 14.3% in the first quarter. Rational Advisors LLC now owns 24,434 shares of the utilities provider’s stock worth $220,000 after buying an additional 3,054 shares in the last quarter. Bank of New York Mellon Corp raised its position in Telecom Italia S.P.A. by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 42,832 shares of the utilities provider’s stock worth $385,000 after buying an additional 4,080 shares in the last quarter. Finally, CWM LLC acquired a new position in Telecom Italia S.P.A. during the first quarter worth $730,000. Institutional investors own 0.78% of the company’s stock.

Telecom Italia S.P.A. (NYSE:TI) opened at 10.27 on Thursday. The stock has a market capitalization of $21.64 billion, a price-to-earnings ratio of 13.17 and a beta of 1.04. Telecom Italia S.P.A. has a 1-year low of $7.10 and a 1-year high of $10.53. The company has a 50-day moving average of $9.68 and a 200-day moving average of $9.12.

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TI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Telecom Italia S.P.A. from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research note on Friday, April 21st. BidaskClub upgraded shares of Telecom Italia S.P.A. from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Telecom Italia S.P.A. has a consensus rating of “Hold” and a consensus price target of $12.00.

Telecom Italia S.P.A. Company Profile

Telecom Italia S.p.A. (Telecom Italia) operates fixed voice and data infrastructure in Italy, and provides mobile network platforms. The Company focuses on various areas of digital services, including Enriched Communication, Trusted Digital Life, Business Life, Indoor Life, Mobile Open Life and Digital Entertainment.

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Institutional Ownership by Quarter for Telecom Italia S.P.A. (NYSE:TI)

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